Ever thought about owning a parking lot? You should—because the margins are insane.

In this episode, Rich brings on Johnny and Clay, the duo turning overlooked patches of asphalt into high-cashflow assets. They break down how to start, scale, and profit from the parking lot business—without ever swinging a hammer or managing tenants. If you’re looking for a low-maintenance, high-ROI play… this one’s it.

They cover:

• How they turned a $30K deal into $350K+ in revenue
• Why parking lots are one of the most underrated real estate plays
• The step-by-step process for finding, analyzing, and closing your first deal
• How they use creative financing and JV deals to scale fast
• What most investors get completely wrong about cash flow

If you want to build passive income with less risk and less headache—this is the blueprint.

Let’s go.

Connect with Jonny & Clay on Instagram: @valetparkingpros

Somers Capital Invest AD (Jan 2026)

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.

Cash flow doesn’t always come from bigger deals—sometimes it comes from using space more intelligently.

Rich Somers sits down with Joe Moffet to break down the co-living model and why renting by the room has become one of the most reliable ways to generate cash flow in today’s market. Instead of fighting interest rates or waiting for appreciation, Joe explains how this strategy focuses on monthly income first—and why that mindset changes everything.

The conversation dives into what co-living actually is, how to identify the right markets, and what makes a property work for this model. Joe shares real numbers, buy-box criteria, and the operational details most people overlook—from parking and bathrooms to tenant screening, house rules, and culture. He also explains why certainty matters, how memberships replace traditional leases, and how this approach reduces downside risk.

Rich and Joe unpack why affordable housing demand continues to grow, how co-living solves a real problem for working professionals, and why this strategy can outperform traditional long-term rentals with fewer doors. From underwriting and market testing to managing tenants and scaling responsibly, this episode lays out a clear framework for investors who want income now—not later.

This is a grounded, no-fluff breakdown of co-living real estate for investors looking to maximize cash flow, create stability, and build momentum in any market cycle.

Somers Capital Invest AD (Jan 2026)

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.

Rich sits down with Thach Nguyen – Entrepreneur, Founder of Thach Real Estate Group, Real Estate Broker, Investor, Developer. Thach is the CEO & Founder of Thach Real Estate Group, and principal of Springboard to Wealth. He’s a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300+ homes , townhouses, and multifamily units and completed over 100+ flips. Thach and his team have assisted more than 2,500+ families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.

Rich and Thach start off by discussing Thach’s experience in Newport Beach, Thach’s love for Seattle, Thach’s three person team, Thach’s childhood, how Thach went from a valet to a realtor, off market deals and rejections, Thach’s drive and his first deal, passive income, the pathway to $1 billion, and why people don’t get into real estate.

They then reflect on deals on the west coast, Rich’s first property, being bullish on San Diego and Seattle, investing in the midwest, the first deal and excuses not to invest, the best asset class in real estate right now, and the ADU game.

Lastly, they talk about townhomes in Seattle, Rich’s boutique hotel in San Diego, how to get started in real estate in 2024, licensing in San Diego, the new 1033 law in California, affordable housing in the US, renting vs living, cashflow and compounding appreciation, teaching kids the value of money, social media and content creation, short and long form content, when to start making content, the public school system, Thach’s cars, when to jump into real estate, and owning 5 rental properties.

Connect with Thach on Instagram: @thachnguyen

Somers Capital Invest AD (Jan 2026)

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.