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The Rich Somers Report

He's Flipped Over 300 Houses and is the Star of HGTV's Vintage Flip | Jessie Rodriguez E50

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 23 May 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

On today's episode, Rich sits down for an interview with Jessie Rodriguez, the star of HGTV's Vintage Flip. With a decade of experience in house flipping and a portfolio of over 300 properties, Jessie shares his insights and expertise in the world of real estate investing and flipping. Rich and Jessie discuss his strategies for finding lucrative properties, navigating the permitting process, implementing renovation strategies, and ADU value-add opportunities. They also dive into Jessie’s othe...

Transcript

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0:00.0

I think you'd get a kick out of it because you're doing such fun stuff with your boutique

0:03.1

hotels and it's just thinking outside the box like you've got that same creative mind right

0:07.3

it's easy to just go buy multifamily and be like I buy fourplexes right and then

0:11.6

unfortunately like I get bored with that part I like the creative side I think you like the creative side it's it's something that you really can put your name behind you know someday you drive by 30 years from now you're like telling your kids like I bought that I transform that we still own

0:25.1

that in our portfolio like I think I think there's something to that that's really

0:28.5

cool. Welcome to the Rich Shummers report where we talk estate, business and wealth building all while keeping it real. No fluff, no BS. I hope that you enjoy the show.

0:42.0

All right guys, welcome to another episode of the reports. Today we are in the

0:48.1

studio here in downtown San Diego and I got a very special guest. He is HETVs vintage flip show expert. He's flipped over 300

0:58.2

homes. He's done deals with Tariq al-Musa. He was recently on the Bigger Pockets

1:02.1

podcast. I got none other than Jesse Rodriguez.

1:05.9

Jesse welcome to the show my man.

1:07.1

What's up man? Thanks for having me.

1:08.6

Yeah dude I appreciate you coming on man and taking the time to drive all the

1:12.1

way out this way.

1:13.4

Tell me a little bit about what your background is

1:16.0

and kind of what you got you involved in real estate.

1:18.1

Yeah, so I've been flipping houses now for 10 years,

1:21.2

just under 400 properties already based in Southern California.

1:25.0

I got started when the market crashed in 2008, became a realtor, started selling bank-owned

1:29.7

foreclosures, and that's really kind of what launched me into investments because I had

1:33.8

so many listings that were distressed properties that I had investors calling me.

1:38.6

So like Rich I knew nothing about investing in real estate? I was just a grinder of a

...

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