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
Mastering 1031 Exchanges & Understanding Return on Equity | Joseph Silva E325
Are your real estate investments truly working for you? In this episode of The Rich Somers Report, Rich sits down with Joseph Silva, co-founder of Coastal California Group, to break down how mom-and-pop real estate investors can unlock trapped equity, maximize returns, and create generational wealth through strategic 1031 exchanges and better portfolio planning.
Rich and Joseph discuss:
What return on equity actually means and why most investors are underperforming without realizing it
How to identify when it’s time to trade up or exit an aging property
Real-life examples of investors trading tired single-family rentals for newer, cash-flowing multifamily assets
Why 1031 exchanges are a powerful wealth-building tool—and how to navigate them effectively
How Joseph’s team helps investors reposition portfolios to reduce management headaches and increase long-term value
Whether you’re holding onto legacy properties or looking to reposition into more passive income opportunities, this episode offers a clear strategy for making smarter moves in today’s market.
Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.
Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.
If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.