Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings and short-term rentals values in excess of $35M. Rich started his real estate investing journey by cashing out his 401k to buy his first apartment building, and today Rich has grown his portfolio to over 350 units and has left his corporate job for good. Rich co-hosts a weekly real estate investing podcast, “The Multifamily Takeoff”, where he interviews top real estate investors and industry experts from all over the world. He also co-hosts a monthly real estate networking event in his local city of San Diego.   Most recently, Rich founded Fortune Cribs as he discovered a shortage of sophisticated, performance-driven operators and a growing need for an all-in-one acquisition, design, and management firm in the short-term rental space. A graduate of California State University San Marcos College of Economics, Rich is passionate and eager to leverage his network and expertise to help you maximize your returns and grow your real estate portfolio.   Let’s tune in to his story!   [00:01 - 08:13] Opening Segment   Welcome to the podcast! Get to know our guest Rich Somers Bio We’re all local!  Listen to The Multifamily Takeoff Podcast with Mike Tighe, Shawn Dimartile, and Rich Somers Rich’s Real Estate Story: I got obsessed with real estate investing   [08:14 - 31:12] The Successful Entrepreneur’s Mindset   Going All In Risks, People, and Time 6 to 9 months of obsessive learning How much can you handle? Rich shares the challenges he faced as a real estate investor The 3-Step Process of Thinking of a New Idea for Successful Entrepreneurs The Edge of Being Uncomfortable Early On The Succesful Entrepreneur’s Mindset Rich’s First Deal A deal in Cincinnati for the cash flow They don’t always go as planned

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