The Rich Somers Report
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
The Rich Somers Report
He’s Flipped Over 150 Houses in Southern California | Alex Camacho E158
Rich sits down with Alex Camacho – Real Estate Investor, Coach, and Mentor. Alex has a track record of over 150 real estate investment deals in the past five years. His primary focus has been on residential properties in California, and Hawaii, while he also owns a multifamily building in Phoenix, Arizona. Alex has been featured on numerous platforms, including the BiggerPockets Real Estate Podcast (Ep. 418), Wealthy Way Podcast (Ep. 058), and Real Estate Disruptors. He also hosts real estate investing meetups in Los Angeles, attracting over 150 attendees.
Rich and Alex start off by discussing Guadalajara and its culture, what Alex is doing in the real estate space in LA, Palmdale, what Alex is doing in the multi-family space, 1031-exchanges, Rich’s Scottsdale Airbnb, the benefits of Las Vegas, and the Bigger Pockets conference.
They then reflect on Alex’s current passion projects, the benefits to working with virtual assistants, Alex’s experience with hosting meetups in LA, promoting nightclubs in LA, the value of meetups, what Alex is focused on in 2024, why realtors don’t get into investing, how Alex got into Real Estate, how Alex’s family responded to him getting into investing, and how Alex responded to the interest rate hikes in 2022 and 2023.
Lastly, they talk about the rate environment today, wholesaling deals, ADUs in LA county, permanent debt and seller financing, DSDR loans, Rich’s Airbnb properties, why Rich and Alex love San Diego, living in Hawaii, what Alex would’ve done differently getting started, and Alex’s biggest mistake.
Connect with Alex on Instagram: @alexcamachotv
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