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“The World is Full of Over-Educated Broke People” | Kent Clothier E106

“The World is Full of Over-Educated Broke People” | Kent Clothier E106

FromThe Rich Somers Report


“The World is Full of Over-Educated Broke People” | Kent Clothier E106

FromThe Rich Somers Report

ratings:
Length:
67 minutes
Released:
Nov 7, 2023
Format:
Podcast episode

Description

Rich sits down with Kent Clothier - nationally recognized entrepreneur, real estate investing expert, performance coach, and speaker. He got his start in business at 17, helping to create a grocery arbitrage company, ultimately building the company to $1.8 Billion in annual sales by the age of 30.The Clothier family run real estate investment company has flipped more than 8,000 single family homes and the company currently manages a portfolio of over 7,500 single family homes in 11 markets. Kent and his partners are actively involved in managing a portfolio of multiple real estate funds with a variety of real estate assets, including Self Storage, Multi-Family, and Hospitality assets.Kent is also the CEO and Founder of Real Estate Worldwide and The Boardroom Mastermind, multifaceted organizations focused on software, training, and executive coaching, based in La Jolla, California. Rich and Kent discuss the current US interest rates, the commercial assets that Kent is currently focused on, the self-storage and multi-family models, what makes for a good deal, the residential development on the Pendry in Palm Springs, and why Kent does not buy invest in real estate properties in California.They also reflect on living in San Diego, investing out-of-state, why investors should rent their primary residence, and the best way for someone to become an entrepreneur with no experience.Lastly, Rich and Kent talk about how to elevate from the Hustler mentality to CEO mentality, setting 3-to-5 year plans, living life with intention, hiring the right person, how Kent’s first company built to $1.8 Billion, Kent’s shift to flipping houses, taking the time to live life in the moment, generating opportunities, monetizing leads, and direct response marketing.Connect with Kent on Instagram:  @KentClothier1  --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Nov 7, 2023
Format:
Podcast episode

Titles in the series (100)

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 $50M. 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