Podcast appearances and mentions of brad sumrok

Keith digs into what's really going on with apartments now that values in many markets have dropped 20–40%. You'll hear why larger multifamily properties have been hit so much harder than one-to-four unit rentals, and what that means for both current owners and new buyers. "The Apartment King," Brad Sumrok, joins the conversation to share how recent economic shifts, financing structures, and market forces have reshaped the apartment landscape—and why he believes we may be near a key turning point in the cycle. You'll also learn how investors are approaching deals differently today, what makes certain markets and property types more attractive right now.  Resources: Learn more about Brad here. Episode Page: GetRichEducation.com/594 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold us. Apartment Building values have fallen 2030, even, 40% over the past few years. Investors lost millions. What are all the reasons that it happened? And when will apartments turn around? I'm joined by the apartment king today on get rich education.   Corey Coates  0:26   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold, writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:09   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com you   Corey Coates  1:40   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:59   Welcome to GRE from Monterrey, California to Monterrey, Mexico and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack. John, act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education, and I'm still not wearing a pair of Dockers. We all know that the one to four unit space single family homes, up to four plexes have held under their values despite soured affordability, but five plus unit apartment buildings are a drastically different story. We're going to talk about just how much value they've lost recently, and the reasons why it's about more than just the interest rates doubling and tripling that began in 2022 Today's guest is an apartment educator. His students have had both losses and wins over time. I'll ask about both, because adversity is where you get the lessons now today, you might buy an apartment building at a steep discount compared to what it sold for five years ago. And who might you buy an apartment from today, it might not be the type of seller that you're thinking about because of owners defaulting you might now be buying it from a bank that had to basically repossess it. Yeah, you might try to buy it from a lender at 60% of the loan amount. Well, a lender doesn't want to do a 40% write down, so they're going to try to get more and see. That's how this could practically look today for an apartment owner that survived the crisis and is still standing today. They're asking themselves, now, why would I sell at a discount if I don't have to? So they're probably going to try to hold on. And then, of course, the tenants in these apartments don't know that any of this is going on now. I own a lot of single family rental homes myself, also apartment buildings in the one to one and a half million dollar range is where I've played, and often that ends up being eight to 12 units, because in that space, I don't need partners to invest in assets of that size. One to $2 million is also small enough so that you're not competing with institutional money and other players. Today, I'll tell you what I did with some of those buildings myself when interest rates reset about four years ago, and before you and I wrap up the show today, I've got something to tell you about what's coming in future. GRE episodes here stuff that's really unexpected as the apartment King waits in the wings. One last thing to tell you about, like I mentioned to you recently, investors say that they want an opportunity, but what they really want is certainty. Once certainty arrives, the opportunity. Is gone.    Keith Weinhold  5:01   Our GRE live event last Thursday was a success. It is about how central Florida is the most compelling housing market right now, with the builder offering rate buy downs as low as 3.75% and, you know, I just ran the numbers on something, and I can hardly believe this. All right, right. Now owner occupied mortgage rates are near 6% this means investment property rates are almost 7% with the rate by down to 4% here's how your cash flow looks with a 30 year fixed rate mortgage on a 300k loan with a 7% rate, your p and i payment is 1996 at a 4% rate. It's just 1432, this is a reduction of $564 per month, a whopping payment difference. That's really the difference between treading water and stacking cash flow on these brand new build properties that we're talking about here in Central Florida. So talking about opportunity and certainty, that is a big measure of both. Yeah, before I ran the numbers, I didn't realize that the spread was this wide. With high demand for these properties, the builder does have some more available, a long term fixed rate of around 4% it should be up for you now you can see the limited time replay of GRE, freshest live event at grewebinars.com, in case you want to look into This again, grewebinars.com let's discuss the apartment market. Foreign apartment building values have fallen at 20% 30% even 40% over the past few years, depending on the market that they're in today, we're going to learn how bad it is, why it happened, and if that actually creates an opportunity here in the late 2020s, decade, our guest is known as the apartment king. He is the number one nationally known educator and mentor for apartment investing. He started with a bang in 2002 by making his first ever real estate investment, not a four Plex like I did, but a 32 unit apartment building, and he's now owned and invested in over 11,000 units and over 1 billion in assets under management. He's received awards like the naa independent owner of the year, and he's the star of the massively popular in person events that he puts on, which you'll learn about soon. Hey, it's been several years. Welcome back to the show. Brad sumrock,   Brad Sumrok  7:46   hey, Keith. It's really good to be on again. Nice to be here.   Keith Weinhold  7:50   Brad and I were together in person last month, and we also talked physical fitness. Then Brad is one of the fittest guys you'll ever meet in person. He just looks fantastic. We want to hear about your apartment forecast shortly. Brad, let's talk about the hard stuff. First, you've endured adversity since we last had you here several years ago. Tell us about that.   Brad Sumrok  8:14    Well, look, I mean, I think anyone that's been serious about investing in apartments over the last five years. And I'll also say it this way, anyone who did a deal and say 21 the middle of 21 till probably the end of 2022 it's very likely that that property is worth less today than than it was when we bought it. So that, in itself, has created, you know, adversity, because I got into the business in 2002 and the market went up until 2008 and we went through a downturn in 2008 nine and 10, as is, I'm sure you're aware. And then the market went up again until around 2021, mid year. And then, due to so many reasons, and I could go into those reasons, but let me just just cut to the chase. That you alluded to is we had another downturn, and so the downturn, you know, impacts property values, it impacts confidence, it impacts investor appetite to do deals. It impacts just about everything related to the business, on the investment side, and the other business that I'm in, which is the seminars, the events and the mentoring. So it's been a big downturn, and we could go into those, you know, into the reasons why, and I'm sure you'd like to know my take on that. But now is a great time, because things are recovering, and one of the things Tony Robbins teaches Keith is pattern recognition. It's like I've been through two downturns, and I could see the patterns, and it occurs to me that we're at or near the bottom of a cycle. So like it's also a good time to be gearing up.   Keith Weinhold  9:50   Now, many realize but for those uninitiated on this, the one to four unit space really didn't feel much pain starting in 2022 so much of that is time. Two people get long term fixed interest rate debt on the one to four unit property, but it's shorter term debt on five plus unit apartment buildings. So when interest rates went up, people soon had to pay those higher rates. They were underwater. That's really the genesis of so much of the apartment building pain.   Brad Sumrok  10:19   Well, and I would say, look, it was, I'm going to throw a bunch of things at you here. So we had the pandemic, right? And during the pandemic, people got paid to stay home from work, right? The government printed, what, $5 trillion worth of money, right? And so that kicked off what became a period of, like, very high inflation. And you know, the published number was 9% but I think a lot of people experience certain items that were a lot more than 9% like, for example, for sure, in 2022 when we bought a 286 unit property, you know, we were able to replace all the appliances inside of a unit in The kitchen, you know, for $1,800 and even today it's like $3,200 so that's a little bit more than 9% and so we had that. So we had the printing of money, we had inflation, we had variable rate debt. Why did people do variable rate debt? The first thing I'll say is there is a place for variable rate debt. But what happened in 2021 and 2022 is the fixed rate lenders, which are typically the government sponsored agencies Fannie and Freddie. They were still lending money, but because of their criteria for lending, if you would go with one of those loans, you would get like 50% leverage the shorter term lenders that would give you the three year loans, you can still get like 75 to 80% leverage. So the vast amount of people that were buying anything in 2021 and 2022 I mean, I'm not just talking about myself. I'm talking about people with 2030, 4050, 70,000 doors all over the country, they were buying with short term debt. And historically, short term debt performs at or better than long term debt. I mean, think about it, when you get a long term, 10 year fixed rate loan and multifamily you have prepayment penalties. You know, when the market's constantly going up like it did, from 2012 to 2022 you could get that fixed term loan. You could pay it off early, you could pay the seven figure prepayment penalty, and you could still make lots and lots of money, and that's what people were doing. So when you bake in the prepayment penalties on long term debt, you know short term debt is oftentimes the better option. Well, nobody saw the Fed raising rate 16 times in 12 months. And look, I don't care what anybody says, Nobody predicted it. If they had predicted it, they would be probably the richest person in the world right now, right nobody saw a comment like, there may have been some people that said, hey, yeah, this is going to happen, or this is going to happen. But what actually happened with the Fed rates over a very short period of time was unprecedented. Unprecedented means it never happened before. So it's not something you could anticipate or something anyone can model. Okay? And so what that did is most of us had what's called an interest rate cap, which is an insurance policy that if the rates go up too much, that yours is capped. But the problem with those rate caps is they're only good for like, two years, right? So we're buying these deals in 2021 and we're getting short term debt, which is a three year debt. And in two years, in 2023 the rate cap expires, and now the rates are 9% instead of 3% and when we bought the deal, the rate cap insurance was $40,000 and now it's a million dollars. And so you're in a very awkward, unfriendly financial situation. And it wasn't just that. So it wasn't just inflation, it wasn't just interest rates. And many of us sung belt markets, specifically Texas and Florida, which historically have been some of the best markets to invest in, because of migration and no taxes, and then landlord and business friendly environments. Well, these states also suffered a lot of named storms, with, you know, hurricanes and wind storms and hail storms and so in these markets, at the same time, we had rising rates. At the same time, we had massive inflation. Now we also have insurance rates doubling or even tripling in some occasions. And then the final thing was, during the pandemic, a lot of the multifamily projects that were in the middle of being built, these development projects, they all slowed down. People couldn't work. And so back in 2020, or after we're fully recovered from the pandemic, some of these markets, like Nashville and Austin and Dallas and Houston and Phoenix, they got deluged Keith with new supply coming on, like a disproportionate amount of new supply. So there's like five. Five things that contributed to multifamily being really tough in the last few years. And so it wasn't just people with short term debt that had challenges. It was probably just about anybody that bought a deal within an 18 month timeframe that I outlined before that just really experienced challenges, and some of those people are still in deals, right? And so let's just take a deal that's, you know, a $10 million deal with a $7 million loan. Well, that deal right now might be only worth 7 million, yeah, and that's the opportunity. So the owner that has that deal may get punched in the face, so to speak, you know, by the market, and they may lose their equity in that deal, but the borrower coming in, or the buyer coming in, like one of my mentees right now, had a deal that was listed at 11 million, and he's picking it up for seven, which is, like, at or below the current loan value. So one buyer group's loss is the new buyer group's opportunity, if that makes sense   Keith Weinhold  16:03    right? 100% there's nothing unusual at all about the mortgage rate levels that began to go higher about four years ago. The unusual part, and Brad has touched on it, is the rate of increase, with mortgage rates doubling or tripling in a short period of time, within about a year or so, but yeah, it's a great point. It's about more than the mortgage rates. It's about increasing insurance costs and increasing expenses of all types, like you talked about with the appliances there, and then, even if you were able to weather all that as an apartment building owner, with all of the supply coming on to the market, when supply exceeds demand, we know what happens to price, and we also know that you can't raise rents very much with all of this supply coming on the market, but the supply of new apartment buildings, that inflow, that wave, is beginning to die down, because builders got the memo quite a while ago that they need to stop building at such a fast pace in places like Florida and Texas and you know, Brad, there are a lot of asset classes that have been beaten up lately. We can always point to a few. You can look at Bitcoin or nfts or even commercial office space. Now those assets might bounce back, but they don't have to, because no human needs those things. But I expect apartments to bounce back because having a place to live is a primordial Maslow and human need. It's almost inevitable. In fact, shelter is at the base of Maslow's hierarchy of needs. So a bounce back has almost got to happen. Yeah.   Brad Sumrok  17:46   Look, it's becoming the big word right now in politics. Right is affordability. And so when you look at affordability, if you take a median priced home in this country of say, $400,000 I don't know if that's the actual median, but maybe it's around 400 420,000 100, $420,000 yes, to buy that home. And who's going to buy a $420,000 home? It's going to be a working class family making 60 to 70,000 a year, right? They could rent a median priced apartment unit for $1,800 a month, or they could pay a 20% or a 10% down payment on a $400,000 homes, and they need 40 to 80,000 down right, or maybe less, but they still need a down payment and that p i, t i, the principal, interest, tax and insurance is going to be around $3,100 okay, so there's a $1,300 per month gap, and that's a big, big gap for that working class family. And so where are they going to live? Like we're becoming more and more of a renter nation? Keith, and the statistics that I read say that only 27% of American families can even qualify to get a mortgage, yeah, on a $400,000 home. So we're becoming more and more and more of a nation of renters by necessity. And so the demographics like look, all markets are not equal. You got to know what's going on in your market. But there are markets, ie locations, geographies that have even a higher affordability gap. You know, some markets have a 2000 a month or a $2,500 a month affordability gap. So you're going to find more and more people renting in these markets.   Keith Weinhold  19:37   Yes, there is a premium to ownership opening up that gap, and that's why we have this wave of renters that's really already begun. In about the last year, the American homeownership rate has fallen from 66% to 65% 1% doesn't sound like much, but that already means that we have 1.3 million new renters. We're going to talk to Brad some more, including about. His apartment market forecast you're listening to get rich education. Our guest is apartment King. Brad sumrock, more when we come back, I'm your host. Keith Weinhold,    Keith Weinhold  20:09   flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE. That's f, l, O, C, K, homes.com/gre,   Keith Weinhold  20:45   you know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep. Text their freedom. Coach, directly. Again. 1-937-795-8989,   Hal Elrod  21:58   this is Hal Elrod, author of The Miracle Morning, and listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  22:13   Welcome back to get rich Education. I'm your host, Keith Weinhold. We're talking about a sector we have not talked about very much lately because it's been in rather moribund condition, but we are beginning to turn the corner where there are more opportunities in apartment building investing, because it's been beaten down an awful lot. And Brad, that plays right in to your apartment forecast. So tell us about some of the highlights of your apartment forecast.   Brad Sumrok  22:38   Yeah, sure. And one of the things that I want to share with you, Keith, is that, you know, back in the peak of the market, the market peaked, say, at the end of 21 early 22 there were so many investors that were in multifamily or that wanted to be in multifamily. And the other thing that caused this so called, you know, downturn that I didn't mention before is, let's take this $10 million deal. If a property was listed at $10 million you'd literally have 30 to 40 buyer groups pursuing that deal, bidding up the price. Yeah. And so a $10 million Listing would sell for 11 and a half million Okay, now what I'm seeing is that same $10 million deal might sell for a seven to 8 million and you might be the only buyer going after the deal. Wow. And how do I know? Because you said, like, I run a an investor community and and I have active multifamily buyers, and I coach them, and I look at their deals, and this is what's happening. And the other reason I know is I sold two of my deals personally in 2025 and both of the deals that I sold, I bought in 2015 where we had 10 year fixed rate debt. So we didn't sell because we had a three year loan. We needed to sell because we had a 10 year loan due. And look, first thing I'll say is I made money, because over that 10 year period, values did go up. They peaked in 2022 and they came back down that because I bought it so long ago. That's the one lesson that I think people also want to understand, is over the long term, the values always tend to go up, but there are short term ups and downs that one would need to be aware of. But when I sold these two deals like I didn't have many buyers one deal in particular. I mean, I had eight buyers going after the deal, but only one was anywhere close to what I wanted. So I was negotiating with myself, you know, telling the buyer and his broker, hey, you know the other guys are here, and you got to come up on price and you got to come up on terms. But truthfully, I was bluffing, because I didn't have anybody that was coming up on price or coming up on terms. And so part of why I'm answering this way is when you look at the forecast, one thing that that I want people to know is that those. Of us that are in the business now and that have our pencils up, and we're underwriting deals, and we're making offers, like I used to teach Keith, don't make lowball offers, because you'll develop a reputation of being that guy or that borrower or that buyer that submits lowball offers, right? And word will get around in that market? Well, right now, like low ball offers are expected, and I would encourage people, let's just say you make an offer that whatever the deal pencils out to. So if you know how to underwrite deals correctly, and they're offering 10 million as a listing price, and you're coming up at seven or 7.5 don't be bashful to make the offer, and you may be the only buyer in the game. So that's one thing is like the competition that I'm seeing right now on the buyer side is not a lot of competition, and that's definitely shifted to a buyer's market. So people need to know that. The other thing I would say, on the macro level, is there's still a lot of uncertainty out there, and the uncertainty is kind of becoming like what I would call a new normal. You know? I'll speak for myself. When Trump was elected and at the end of 2024 I thought it was going to be amazingly well for all of us real estate investors, right? And there are some things that have been like the big, beautiful bill that restores 100% bonus depreciation like this is a really good thing, but you know, the tariffs, the immigration policies, some of the things that he's doing, you know, they have mixed impact for us and our in the economy and in real estate and in multifamily. And the thing is, when he first started doing that again, like lenders, they didn't know how to price debt, like, what's going to happen with tariffs, what's going to happen with ice what's going to happen with immigration, you know? But now that we're a year in to his second term, I can tell you a couple things. Debt is back. Lenders are lending. They're confident. Lenders are issuing debt like you can get 70 to 75% of your acquisition funded by a commercial lender. The government agencies are lending. Freddie Mac is lending. Fannie Mae is lending, and they have a mandate to lend 20% more money in 2026 than they did in 2025 so that bodes well for people that want to get, you know, affordable workforce housing, which is my specialty, also known as Class B and Class C housing. So the lenders are lending like, there's a lot of debt out there. One of the challenges is the equity. There's a lot of institutional equity. But if you're going to the retail investor who got into the business three to five years ago. They don't want to hear about your next deal right now, they're wondering about, hey, what about the deals that I'm in? Right? So one of the things that I'm doing, Keith is, and I think, you know, this is like, you know, I build up a huge investor community from 2012 to 2022 and I did it by traveling the country, speaking at conferences, sponsoring trade shows, talking about the benefits of investing in apartment buildings, how it changed my life, how it enabled me to retire from a six figure income in just three years, and how I've helped many, many other people Do the same, and also just sharing experience today, every asset class, every 10 to 15 years is going to go through a correction. And so where we're at now. And I wasn't the only one on the forecast. I brought in John Chang who is the senior intelligence officer at Marcus and millichep, one of the biggest commercial real estate firms in the country, and he presented about 20 or 30 slides that by and large were very bullish on where we're at in the market cycle. Why now is a great time to be looking at apartment buildings, a lot of the same things that I've been talking about. Prices are down. It's a buyer's market. We have a huge affordability issue. More and more people are becoming renters, and so what I'm committed to do, Keith and I don't know if I shared with you my travel schedule, like when we met each other last month, but I'm on the road every single week going to another city, talking about where I see us right now in the market, and why people should be looking at deals and making offers right now. Because to me, you know, Warren Buffett said it best. He's like, you want to be fearful when everybody else is being greedy, and you want to be greedy when everybody's being fearful. And right now, people are on the sidelines. They're waiting for some green light, like for the Wall Street Journal to come out and say, Hey, now's a good time, you know? I mean, look, Trump, just the point of the new Fed chair, right? And so we know interest rates are going to go down like that's one of his goals, and the guy that he appointed is going to lower rates. So we're looking at a future, a very near future, where we have lower rates, and lower rates is going to create more demand, again, for people that want to buy. I invest in apartments now, look, if you wait another year, I still think it's going to be a good time, but I think we have a better time right now.   Keith Weinhold  30:10   I sold one apartment building in 2022 for about $1 million and I sold another one of my apartment buildings in 2023 for about $1 million I had bought those in 2013 with 10 year balloon loans, so I was enjoying that nice fixed rate as late and as long as I could, until 2022, nine years and 2023, 10 years before the rate went up on me. But of course, my new buyer had to pay that rate, so it limited the amount that they could offer for it. However, to your point about investing for a long time horizon, I still had profits on those nine and 10 year holds, but yeah, to your point, Brad about the looser lending, this is huge. I read a summary of the latest national Multifamily Housing Council meeting, and one of the biggest takeaways that came out of that meeting is that there is abundant debt available. It's in increasingly attractive terms. And a lot of people think about mortgages, and they just think about the rates, and you should that's certainly important, but they don't think as much about the propensity for others to lend. How loose, or how tight are those standards? They're loose, yeah.   Brad Sumrok  31:25   And, I mean, look, the first deal I did in 2002 the interest rate was 6.35% the rates right now are less than that, you know, as of the date of this recording. So, you know, I always talk about a base case of a $10 million deal. It may seem large to you or to people listening, but like in my world of syndication, where we're not just looking at the real estate piece, but learning how to raise money to buy real estate so we could have a bigger property that's professionally managed and become a true business owner like Robert Kiyosaki talks about, do you want to be self employed? I tell my students, buy a six Plex. Do you want to own an apartment business by 60 units and hire a management company? So when I'm talking about this $10 million deal, you know, you can get a $7 million loan right now for probably in the mid 5% and it would be non recourse, and you could probably get three years of interest only, meaning for the first three years, you're going to have a higher cash flow. So like, this is a really good loan compared to 2021 when we could get 3% debt. It's not but remember that 3% loan was a short term loan. You know, it wasn't a 10 year fixed rate loan, it was a short term loan, and we all saw what happened with that when they raised rates so many times in such a short period. So the fixed rate debt is very competitive based on, like, the long term, 20 year average, and it's lower than it was when I started.   Keith Weinhold  32:55   Well, we've been talking about elements of your apartment market forecast, and of course, that's going to inform your Buy Box. Brad, you mentor students constantly and oftentimes we think about a Buy Box. We think about then in terms of geographic market, but as we look for an opportunity, we also might think about some other things in your Buy Box, for example, new build versus vintage build. So with all of this traveling you do, and you're in the markets, and you're informing students, and you're looking at students prospective deals as well. But tell us more about what a good buy box is for the near term in apartment buildings.   Brad Sumrok  33:36   Yeah. So look like what is in the buy box, right? So one is going to be your location. And so, you know, how do I select a good location? Just some tips and strategies around that is, I look for landlord and business friendly environments. In other words, if the tenant doesn't pay, do they get to stay or not, you know, so I like to be in market so that they don't pay, that we could legally, you know, not have them consume our product for a long period of time. So I also look at things like job growth and population growth, affordability gap. New supply is a percentage of inventory, you know, the new supply coming online in a diversified economy. So, like, you want to get your geographies nailed down. Like, where you buy matters, like, there's no substitute to I would rather pay more for a property in a location that meets that criteria than less for a property that doesn't. Yeah. So geography is important. You want to pick your property size, like, how many units, or what's the price point. Okay? And this is huge, because if you're gonna buy your own deal with your own money, which is another reason I prefer syndication. Let's say you have pick a number, 100,000 to invest. Like you can only buy a $300,000 property, two units somewhere, three units somewhere, you know. Or zero units somewhere, right, right? So if you have expanded your you know, your mind and your skill set to do a syndication 100,000 doesn't limit you to your own money, you know. And then I would say, Well, what is a great size for a first time syndicator is I would target somewhere around 60 to 80 units, and at 100,000 a unit, which is a ballpark price for maybe a nice B class property or high C Class property, and a market that meets the criteria that I outlined earlier. You know, you're looking at, say, a six to $8 million property. And so what you could do from there, Keith is, you could say, Okay, well, you know, this is why, like in my educational course, I use a $10 million property, because the numbers are easy. But even just say, Well, I'm going to do an $8 million property, you'd say, Okay, I need two to 3 million down, depending on the debt, right? And then I'm going to get a the balance in a loan, you know, because you could get a 70 to 75% loan. So then you ask, Well, where am I going to get to 2 million, right? If I have 100 I need $1.9 million and so then you got to start thinking about like, do I have access to people or work or in the neighborhood or at the community or at the church, you know, or do I go to masterminds and conferences and meetup groups like, where I saw you Keith last month, like, there's a lot of investors there with a lot of money, right? And some of them are looking to be passive investors. And so, you know, there's a whole nother conversation around, you know, raising capital. And if you can't raise capital, then you may want to bring in some people on your GP team that could help you raise capital, as long as you're following, like the SEC compliance and again, that's another discussion. That's the importance of having the buy box so you have your geography, your property size, your property class. You know, again, if you just want the new construction stuff. There's some people out there, like big name, famous people, that are highlighting their 800 unit a class deals that they're buying. And of course, like you or I that are just getting started, can't go buy that deal. And so why? You know the institutions are going after the large A class properties in the best areas. And so where I've made my niche Keith, and what I would recommend most people start is start with the older vintage properties, start with the 1970s properties, and then maybe work your way up to the 1980s and 1990s properties. And why is this is because the institutions don't want those properties, and they're still able to be professionally managed. Like, if you go and buy 100 unit C Class property, as long as it's not in a bad neighborhood with, like, high crime or whatever like that. Like, these are very honest, hard working, working class people that need a clean, safe and functional place to live, and you'll be able to get better returns on a C or A B class, also known as like the cap rate. And again, that's another discussion, but you'll be able to get a better return on an older vintage property than you would on a vintage property. And you're not competing with the institutions, but you're also not competing with the mom and pops, because the mom and pops are going to take that 100,000 they have and go buy a duplex. You know, they're not going to want to syndicate a deal. They're not going to want to have partners. They're not going to want to deal with the so called complexities of buying a company. And that's what buying an apartment community is, Keith, it's buying a company. You're buying a business that has an income stream already being generated those customers, they're called residents. They're called tenants, you know, but if you just go upstream from buying real estate or buying an apartment building, we're buying a cash flow producing business that's existing, that's in place, and then our job is to figure out how to run it better and more efficiently. You the   Keith Weinhold  39:04   You the listener, you might have access to, say, 500k in equity that's sitting in your existing properties. And some of these numbers that Brad and I are throwing around are rather large, $10 billion but one of the biggest epiphanies that I think your students have is that doesn't need to be much of your own money. We're talking about what's called the capital stack to take down a $10 million apartment building. Maybe you borrow seven and a half million of that. Maybe you raise 2 million of that from your other investors in the syndication, and then you put your 500k into the deal, and there you have $10 million in order to make that purchase. But yes, that does involve a learning curve and the SEC rules and all that. But the big takeaway here is you don't need much of your own money. You can leverage other people's money, even for the down payment. And Brad, you're also an expert at showing people how to pay almost. Zero tax, which is another discussion unto itself, but some of your students start with zero experience, and within a few short years, I mean, you've had hundreds of people that have either retired early or increased their net worth by over a million dollars. A lot of success stories,   Brad Sumrok  40:17   yeah, look, I mean, I started with no previous real estate investing experience. My experience was going to college, studying hard, getting decent grades, becoming an engineer, you know, being fired once, being laid off once, and reading Robert Kiyosaki books that motivated me to to go out and seek specialized education. And I think it was Jim Rohn that said formal education, like degree could get you a job, and specialized education like you can get in a conference or a mastermind or a mentorship program. And that's also how I started. I went to a weekend workshop back in 2001 and I bought the mentorship program. And boy, I'm glad I did, because, you know, that's how I got into my first 62 units. So you don't need to have experience. What you need to have is a powerful reason, a powerful why? Why do I want to be financially free? Like apartments is just a vehicle. I didn't choose apartments because I love departments. I choose departments because they cash flow, they go up in value, and you have amazing depreciation benefits.   Keith Weinhold  41:23   Yeah, I'm the same. I don't love apartments in a way. I don't love real estate. I love what these things do for me    Brad Sumrok  41:30   exactly. Yeah? So, like, you don't have to have experience. In the other category, of people that have come into my community that don't have apartment experience, a lot of them have real estate experience, Keith, that are doing, like, single family homes, short term rentals, or maybe smaller, multi unit deals. And they listen to a show like this, and they're like, huh, I want to transition from doing these smaller types of assets with my own money and self managing to scaling into a syndication.   Keith Weinhold  42:03   Brad has taken countless people from get rich education to got rich education. His core values are faith, finance, fitness, family and fulfillment. He is committed to helping people experience not just financial success, but personal fulfillment, purpose, contribution, freedom and Brad and his investor community have contributed over $1 million to charity. Is really the person you want to learn from if you want to think about going bigger with multifamily apartment buildings. This has been great, Brad. Let our audience know how they can connect with you and learn more?   Brad Sumrok  42:42   Yeah, sure. So I would say this is where I should just be very clear here, okay, but I'm gonna give a couple options, because that's what I'm so of course, there's a website which is my first and last name.com, B, R, A, D, S, U, M, R, O, k, for those of you on social media, I respond to my own social so you'll find me again. B, R, A, D, S, U, M, R, O, K, on LinkedIn, Instagram and Facebook.   Keith Weinhold  43:13   Brad, it's been so valuable. It seems like American apartment buildings are in for redemption story here. It's been great having you back on the show.   Keith Weinhold  43:29   Brad and I both emphasize physical fitness, and we chatted about that a good bit when we were together last month. I think he looks better than me. To summarize, the reasons for this historic collapse in apartment building values. It was the combination of soaring interest rates, massive inflation, spiking insurance costs, construction soared, and it created an oversupply, and that oversupply still is not absorbed. In fact, according to the outlet apartment list, the National multifamily vacancy rate recently hit 7.2% that's the highest in the history of the index, which dates back to 2017 and that's chiefly due to apartment oversupply. Have apartments really hit the bottom? Brad just said, we're at or near the bottom, and it's a good time to be gearing up as far as what's coming. To give you an idea of new apartment supply, what takes about two years from construction start to completion. And now you can't just have all US apartment construction come to a complete stop. You have to keep people working. And there are almost 400 MSAs in the United States, so you couldn't coordinate a complete ceasing of construction across every area. So how about the level of new construction starts in apartment units today, and the way that HUD counts it is the number of units started in buildings of five plus units the recent peak. Was about 600,000 annually in 2023 and today it's closer to 400,000 there it is that slowing pace of new apartment construction. If you jump into multifam, be careful of properties with deferred maintenance, because understand that you have a lot of underfunded owners Now Brad can tell you specifically what to look out for his rat race to retirement event is March 28 and 29th in Dallas. It's a two day hands on workshop. You'll learn how to find apartment deals, how to underwrite deals, how to raise capital management and your exit. Discover how you can retire in five years or less by owning apartments again. His website is Brad sumrock.com    Keith Weinhold  45:49   coming up on future episodes here on the get rich education podcast. We're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished experts, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy of the 50 US states. I'm going to discuss some awful states to invest in, including ones with population loss. On another episode, a distinguished subject matter expert and I are going to dive deep on does America really have a housing shortage, not in apartments which are oversupplied, but is there a shortage in the one to four unit space? That's our topic, because you probably heard contradictory information in the media about whether there's a shortage or not, and then some outlets say there's a housing shortage of 2 million units. Others, 10 million. They're all over the place. We're going to sort it out on an upcoming episode. Does America really have a housing shortage? Then the youngest guest to ever appear on the show will be with us. He's a 19 year old college student that has a real estate investing related major, and since last year, he and I have befriended each other. He was born in about 2006 so it'll be interesting to see how he views the investing world and what they teach him about real estate investing in college today, he is probably the most impressive teenager that I've ever met in my life. Then six weeks from now, we will have an epic get rich education podcast episode 600 on a subject as paradoxical and complete with a GRE contrarianism That builds real wealth, debt is the American dream will be episode 600 if you're serious about building wealth, be sure to follow or subscribe to the show. We are going on a run. If you know someone in your life who needs to think differently. If you know one investor who's still waiting for perfect conditions. This will help them tap the Share button and tell them about the show until next week. I'm your host. Keith Weinhold, don't quit your daydream.   Unknown Speaker  48:14   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  48:42   The preceding program was brought to you by your home for wealth, building, get richeducation.com  

In this episode, Dylan Silver welcomes Brad Sumrok, a seasoned multifamily real estate investor with over 23 years of experience and $1.2 billion in assets under management. They discuss the transition from single-family to multifamily investing, emphasizing the benefits of scaling up to larger assets. Brad shares insights on the importance of mindset and belief in achieving success in multifamily investments, suggesting that aspiring investors should consider starting with larger properties to benefit from professional management and cash flow. He also highlights the significance of syndication in acquiring larger deals, allowing investors to pool resources and access bigger opportunities.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this clip, Brad Sumrok talks about why apartments have turned out to be one of the most dependable ways to invest in real estate. Some properties look good at first, but fall apart when the market shifts. Apartments tend to stick it out. Brad's not hyping anything. He's just explaining what's worked over 20 years of doing deals – and why more investors are starting to take notice. If you've ever wondered where real estate actually holds up long-term, this is a good place to start. Enjoyed this clip? Check out our full interview with Brad: https://youtu.be/l1NP4NWlcLw

Why do most restaurants fail—and how did Michael Chernow beat the odds twice? In this episode, he shares how he built two hit restaurant brands, scaled a wellness company, and turned personal adversity into entrepreneurial success. Real talk on risk, brand, grit, and building something that lasts.---Entrepreneur, restaurateur, and founder of Creatures of Habit, Michael Chernow built The Meatball Shop and Seymour's into NYC staples before turning his passion for wellness into a fast-growing CPG brand.---Like this episode? Watch more like it

What happens when one founder exits an 8-figure solar company and builds a Medicare empire—while another amasses over 11,000 real estate units through strategic investing? In this of episode Money Mondays, Moe Falah and Brad Sumrok share how they each built serious wealth—one through sales and residual income, the other through multifamily real estate and syndication...---Moe Falah is a serial entrepreneur who scaled a door-to-door solar sales company to 400 agents, $150M in sales, and an Inc. 500 ranking—before exiting at age 27. He now leads Better Life Group, a fast-growing Medicare insurance business with a revolutionary compounding income model. In just 72 days, his team signed 10,000+ clients and scaled to 200+ agents. Moe is passionate about helping others build passive income through high-performance sales systems and remote opportunities.---Brad Sumrok is a nationally recognized real estate investor, mentor, and speaker who has syndicated over 11,000 multifamily units across the U.S. After leaving a 14-year corporate career, he raised millions in capital, built a thriving investor community, and now helps others achieve financial freedom through apartment investing. Brad also runs seminars, masterminds, and charitable initiatives focused on empowering individuals to build wealth through real estate.---Like this episode? Watch more like it

In this episode of Liberating Humanity Podcast, Paul Hutchinson sits down with Brad Sumrok, a multifamily real estate expert who has earned eight-figure incomes and now dedicates his life to helping others achieve financial freedom. Brad shares his journey from skepticism to success, revealing key principles for breaking free from financial and emotional limitations. Discover the power of learning from true mentors—those who walk the walk—and how to overcome self-limiting beliefs to level up in life. Tune in now for insights that can transform your future!

Sharon Riddle joins us today to talk about how she got her start in multifamily real estate and her journey in scaling her business. ---Continue the conversation with Brian on LinkedInJoin our multifamily investing community for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitanThis episode originally aired on January 17, 2025----Watch the episode on YouTube: https://www.youtube.com/channel/UCcsYmSLMxQCA9hgt_PciN3g?sub_confirmation=1 Listen to us on your favorite podcast app:Apple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Instagram: https://www.instagram.com/diary_of_an_apartment_investor Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv ----Your host, Brian Briscoe, has owned over twenty apartment complexes worth hundreds of millions of dollars and is dedicated to helping aspiring apartment investors learn how to do the same. He founded the Tribe of Titans as his platform to educate aspiring apartment investors and is continually creating new content for the subscribers and coaching clients.He is the founder of Streamline Capital based in Salt Lake City, Utah, and is probably working on closing another apartment complex in the greater SLC area. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021 after 20 years of service.Connect with him on LinkedIn----Sharon RiddleOver her career, Sharon Riddle has worked in companies, nonprofit organizations, and government agencies. She has provided business solutions in the areas of software upgrades and business process analyses and has conducted best business practice research for over 30 years. Sharon began investing in single-family real estate in 2005 with her husband and business partner, Dan. She took a leadership role in managing all facets of the business, including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to multifamily real estate in 2015 through initial education and investing passively in 18 properties in Texas, Oklahoma, Colorado, Florida, and Ohio, totaling 3,507 units to date. She joined the Women's Multifamily Mastermind in 2019, has been a personal mentoring student of Brad Sumrok since 2015, Brad Sumrok's Millionaire Multifamily Mastermind since 2019, Hunter Thompson's RaiseMasters Mastermind in 2023,Wealth Wise Women in 2024,  and co-founded Excalibre Investments of Texas LLC with Dan in 2022. Sharon and Dan Riddle have a 28-year-old daughter who will join them as a partner in a real estate LLC in 2024 or 2025. Additionally, Sharon and Dan are actively involved in local, regional and global charities.Learn more about her at: www.excalibretexas.com or https://www.linkedin.com/in/sharon-riddle-949a3b2b7/

In this week's episode with Sharon Riddle, we'll explain why mentorship is such a powerful tool for building a strong foundation in real estate investing!Sharon talks about how mentorship made her and her husband realize the possibilities of investing in properties, their transition into focusing on the Texas multifamily market, and their continuous journey to become effective general partners!Key Points & Relevant TopicsHow Sharon started her real estate journey through her husband DanThe power of utilizing other people's money to invest in real estateWhy Sharon and her husband decided to shift into multifamily investing and how they begin their transitionThe importance of mentorship in every aspect of real estate investingChallenges of being a limited partner in multifamily in today's marketHow asset management and operations are impacting the Texas marketWhat operators can do to combat challenges and minimize the risks of running multifamily investmentsThe massive benefits of real estate investing and networking for SharonResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Sharon RiddleOver her career, Sharon Riddle has worked in companies, nonprofit organizations, and government agencies. She has provided business solutions in the areas of software upgrades and business process analyses and has conducted best business practice research for over 30 years. Sharon began investing in single-family real estate in 2005 with her husband and business partner, Dan. She took a leadership role in managing all facets of the business, including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to multifamily real estate in 2015 through initial education and investing passively in 18 properties in Texas, Oklahoma, Colorado, Florida, and Ohio, totaling 3,507 units to date. She joined the Women's Multifamily Mastermind in 2019, has been a personal mentoring student of Brad Sumrok since 2015, and co-founded Excalibre Investments of Texas LLC with Dan.  Get in Touch with SharonWebsite: https://excalibretexas.com/ LinkedIn: Sharon (Birdsong) RiddleEmail: riddledsn@verizon.net 

Known for their steady demand, strong cash flow, and impressive return on investment, apartments present an enticing opportunity for single-family investors looking to level up.   However, today's apartment investors also face a range of challenges. Like any market, it's essential to know when to act and what to watch for before entering the multifamily arena. So, is the deck stacked against budding apartment investors, or is now the right time to jump in? Today, we're thrilled to welcome the Apartment King, Brad Sumrok, to help us tackle that pressing question!   Join Brad and Robert as they explore the current challenges and thrilling opportunities in multifamily. They'll reveal the reasons this could be an excellent time to consider apartment investing … Along with a few cautionary points to keep in mind.     And to top it off, this week's Market Spotlight focuses on overcoming common barriers to scale up as an investor. Don't miss it!   Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.  

Have you ever read one of those hit pieces in the newspaper or online about something going on in the real estate space, or you read an article about some guru? A few weeks ago, I was reading the Wall Street Journal, and I saw this article about an apartment syndicator guru, somebody who invests in apartments and also educates the best people how to do this. I'd recognized his name before, and my heart sank. After I was done, I was like, this is almost written like a promotional piece for this guy! I got more excited about investing in apartments. Brad Sumrok is here, and he shares how he got over that hit piece and how he built his multifamily investing empire. Brad walks through how syndication works and what you need to do if you're interested in this kind of strategy. Brad's also got a live event coming up at the end of September and he shares all the details.What's Inside:—How Brad recovered from a WSJ hit piece—How Brad got into multifamily real estate—Details on Brad's upcoming live event

Brad Sumrok is a seasoned real estate investor with over 7,700 units under his belt and a track record of guiding students through more than $6 billion worth of real estate transactions.Brad shares his journey into real estate starting with small multifamily units and growing into large-scale syndications. He emphasizes the importance of resilience during economic downturns, the benefits of focusing on one asset class, and his philosophy of maximizing efficiency through scale.The conversation also touches on the potential impact of proposed tax changes, including the taxation of unrealized capital gains, and the importance of continuous learning and networking for success in real estate.For those interested in attending AIMNATCON (Apartment Investor Mastery National Conference) September 27-29 in Dallas can pick up tickets at https://aimnatcon.com/jimmyrex/Brad's InstagramCheck out my Online Men's Coaching Group We Are The They and see how it's changing men's lives across the globe!Get my FREE guide with 45 Days of Simple Tips to Become a Better ManPick up my USA Today bestselling book Be One: How to Be a Healthy Man in Toxic TimesJoin the Real Men, Real Conversations Facebook Group

Most people who bought multifamily properties back in 2008-2010 wish they had bought more. Since then, multifamily values have soared.  We never know when we're at the bottom, but it's possible we're at a bottom now. Multifamily prices are down over 25% from the peak, and demand will ultimately again exceed supply as new construction projects get absorbed. Also, more people are renting as a lifestyle choice and as the cost of homeownership continues to increase. Brad Sumrok, the #1 nationally known educator and mentor for apartment investing, is currently trying to acquire more C and B class properties, mostly in Texas. In Brad's mentoring business, he has helped his students purchase over $5B in apartment buildings (over 500 apartment complexes) and over 60,000 units.

In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez talk to Randy Langenderfer, Founder and President of InvestArk Properties, about his journey from corporate compliance to becoming a successful real estate investor. Randy reveals his path from a limited partner (LP) to a general partner (GP), highlighting the critical aspects of property management, the roles of LPs and GPs, and the importance of net operating income (NOI) in property valuation. He also shares insights on market conditions, investment strategies, and practical advice for aspiring investors. Don't miss out on more tips on leveraging education and mentorship to advance your real estate career. Listen now to unlock valuable knowledge and take action! Key Takeaways 00:00:00Who is Langenderfer 00:02:01Limited Partner vs. General Partner 00:05:42First Investment as a Limited Partner 00:10:18Transition to General Partner 00:19:21Challenges Faced in First Deal 00:21:20Importance of Property Management 00:23:40Finding the Right People 00:26:13Mentorship Programs 00:34:25Dallas Market Overview 00:36:07Investment Strategies in Nashville 00:42:45Advice for Entering Multifamily 00:44:12Forcing Appreciation Explained 00:48:21Net Operating Income (NOI) Basics 00:49:23Residential and Commercial Properties 00:51:11Impact of Interest Rates on Properties 00:57:13Evaluating Investment Opportunities 01:01:19Long-Term Perspective in Real Estate 01:05:25Education and Networking 01:07:14Connect with Randy Resources and Links Rod Khleif https://rodkhleif.com/ Brad Sumrok https://bradsumrok.com/ Lifestyles Unlimited https://lifestylesunlimited.com/   Connect with Randy https://www.linkedin.com/in/randy-langenderfer/ https://www.invest-ark.com/ https://multifamilymaestros.com/ Learn more about AnVi Invest

Connect with the host:LinkedIn: https://www.linkedin.com/in/brandon-e-jenkins/Website: https://www.birchprosper.com/ --About the guest:Steve Sherman has been a real estate professional since 2008, initially owning and managing a single-family rental portfolio in Northern Virginia from 2008 to 2019. With over 18 years of experience as a senior project manager in construction, Steve specializes in large, complex government and transit projects. He holds a BS degree in Business Management from Radford University and is an active member of Brad Sumrok's Personal Mentoring Group since 2019, as well as the Investor Fuel Mastermind. Currently, Steve serves as a General Partner and CapEx/Asset Manager in real estate investments, leveraging his extensive expertise in project management and asset optimization.Connect with Steve Sherman: Instagram: @sherman_multifamilyWebsite: www.shermanmultifamily.comFacebook: https://www.facebook.com/steve.sherman.904108Episode Highlights:✔️Emphasizing operations and CAPEX✔️From property management to syndication✔️Underwriting, budget management, and contract negotiation ✔️Managing and mitigating risks in a deal✔️Geographic and property type diversification--

Looking for a hot market with good deals and strong profitability? Put on your shades and get a glimpse of the bright and booming Sunshine State!  In this eye-opening episode, Robert sits down with his long-time friend Jean Gillen, a veteran real estate broker who's been connecting investors with income-producing properties in Central Florida for more than 45 years.  Tune in as Jean shares her local knowledge on the region and its submarkets, giving us the lowdown on what's driving people from all over to move to and invest in Central Florida. Plus, Brad Sumrok stops by for a look at what's happening in the apartment sector. Visit our Special Reports Library under Resources at RealEstateGuysRadio.com

Season 1, Episode 4: In this episode of No Cap by CRE Daily, hosts Jack Stone and Alex Gornik dive into the journey of Brad Sumrok, famously known as the "Apartment King" in the multifamily real estate world. Starting with his first investment in a 32-unit apartment building in 2002, Brad replaced his 9 to 5 job income by 2005 and retired at the age of 38. Since then, he has invested in over 4,200 apartment units, and his mentoring students have collectively purchased over $2 billion worth of apartment buildings. Brad shares his transition from a career in chemical engineering to becoming a prominent investor and coach in multifamily real estate. He discusses Tony Robbins's influence on his mindset and reveals how being fired from his corporate job spurred him to become a public speaker in real estate. Brad also shares his thoughts on handling the haters and provides insights into the risks associated with investing in syndication.   TOPICS 1:15 — Brad's transition from chemical engineering to real estate 5:20 — Getting fired from corporate America 6:25 — Breaking into the world of real estate through seminars 8:34 — Brad's first property 13:07 — Are motivational speakers and business coaches cheesy, or authentic? 15:17 — Becoming the Tony Robbins of the multifamily syndication industry 16:54 — Mentoring at Lifestyles Unlimited 20:18 — Surviving 2008-2011 24:07 — What's a “good project for Brad” in 2024? 26:11 — How many investors & LPs does Brad have on a typical deal? 34:20 — What brings investors to the table 36:52 — Effects of the presidential race on the economy and tax code 37:38 — WSJ article on Brad & former students 41:43 — Closing remarks from Brad    We want to thank our sponsor Viking Capital.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America's economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry's biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.   About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.        

Today I've got Brad Sumrok in the house. Termed "The Apartment King". We discuss the conventional wisdom surrounding education and real estate investment. Brad explains how societal norms lead many to unquestioningly spend large sums on a traditional college education, only to find limited job prospects afterward. Reflecting on his own experience, Brad details his journey through the corporate world, achieving degrees and following the expected path until it left him unfulfilled and financially insecure. His turning point came after reading Rich Dad Poor Dad, which inspired him to explore real estate as a viable alternative to traditional employment.Brad shares how attending seminars and seeking mentorship transformed his career, allowing him to amass a portfolio of over 7,800 apartment units. Initially intimidated by large real estate deals, he emphasizes the importance of starting small and gradually taking on bigger projects. His story highlights how multifamily properties, starting with a 32-unit building, offered a more streamlined and profitable path than single-family investments. He also underscores the value of investing in oneself through education and networking, as these personal investments often yield higher returns than any single asset class. The episode stresses the power of community and continuous learning in achieving long-term success.CHAPTER TITLES1:16 - Brad's Background and Real Estate Journey2:29 - Initial Real Estate Exposure3:04 - First Real Estate Conference Experience4:02 - First Investment: From Single-Family to Multifamily4:44 - Scaling Investments: Raising Capital and Larger Deals6:10 - Financing and Management of Large Multifamily Properties6:52 - Transition to Education and Mentorship8:21 - Building a Community and Event-Based Learning9:04 - Challenges and Relationships in Business11:38 - Mindset and Lessons from Large Deals14:13 - Community Impact vs. Individual Success17:51 - Is Real Estate a Great Investment?18:37 - Investing in Yourself: The Key to Success18:53 - Closing Thoughts & EncouragementConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

Navigating legal strategies as a real estate investor is a complex topic.  While there's no one-size-fits-all solution, there are some essential legal concepts that are beneficial for everyone to understand when it comes to protecting yourself and your investments.  In this episode, Attorney Mauricio Rauld, a seasoned legal advisor renowned for his expertise in real estate law joins Robert Helms to explore these foundational ideas. Tune in to discover essential strategies to be aware of on your path to legal security and peace of mind. PLUS, tune in as Brad Sumrok joins us to take a look at what's happening in Dallas, Texas in our new Market Spotlight segment. Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.  

Join Tom Wheelwright as he covers how strategic tax planning benefits real estate investors with guest, expert, and trainer - Brad Sumrok. Brad is a long-time client who has succeeded in the multi-family real estate sector and reduced his taxes. Since 2005, Brad has personally helped his students purchase over 3.5 billion dollars in apartment complexes, involving thousands of investors who have taken his training. In this episode, learn how you can incorporate a tax strategy in your business plan, how Brad Sumrok applied his plan in the multi-family sector, and what he believes makes the best investments. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

This is exatly what Dan tells people and raising capital is a byproduct. He has a portfolio around 2,500 Units. Thus, he has proven effective in raising capital with this method.   On the rest of the show we disussed themes like: What happens after an athlete retires? You got to find a way to make money There is a lot of power in real estate Tax Free Wealth was the book that started it all How we partnered and scaled Evolving and Scaling after joining Brad Sumrok's community Raising capital by sharing data, educating and nurturing  Cashflow is first and foremost Share what the competitors are doing and show how you can better them Explaining the business plan Getting referrals  Using a podcast to create exposure Investor communications War Stories  The value of the dollar and how it affects real estate Market selection Hold time The use of correct debt   Find Dan at granitetowersequitygroup.com Book a call with Ruben at calendly.com/rubengreth Hang out with other capital raisers, fund managers and family offices every Thursday at 11:00 AM PST at our nationwide virtual capital raising meetup. Register at capitalraisingmeetup.com.  If you would like to find out more about Family Office Capital Raising events you can visit https://familyoffices.com/ Get The Family Office Club membership for $2,000 off by mentioning the Capital Raiser Show to holly@familyoffices.com or feel free to pay full price.   Check Out InvestNext! Whether you have $5M or $500 million AUM, InvestNext delivers an institution-grade experience to your investors and automates tasks like K-1 distributions with a single click. investnext.com

Sharon began investing in single-family real estate in 2005 with her husband and business partner, Dan. She took a leadership role in managing all facets of the business, including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to multifamily real estate in 2015 through initial education and investing passively in 18 properties in Texas, Oklahoma, Colorado, Florida, and Ohio, totaling 3,507 units to date. She joined the Women's Multifamily Mastermind in 2019, has been a personal mentoring student of Brad Sumrok since 2015, and co-founded Excalibre Investments of Texas LLC with Dan Riddle. I have been a member of Brad Sumrok's Millionaire Multifamily Mastermind since 2019.website: https://excalibretexas.com/Support the showhttps://www.buzzsprout.com/1187780/supporters/newFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2024 Capital Raising virtual conference - https://multifamilyap360.mykajabi.com/offers/8BUi5nUm To find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com

Dan spent some time with me going over how he sacaled and how he raises capital. Tune in for this one as not everyone scales as quick as he did. Some themes we covered include: What happens after an athlete retires? You got to find a way to make money There is a lot of power in real estate Tax Free Wealth was the book that started it all How we partnered and scaled Evolving and Scaling after joining Brad Sumrok's community Raising capital by sharing data, educating and nurturing  Cashflow is first and foremost Share what the competitors are doing and show how you can better them Explaining the business plan Getting referrals  Using a podcast to create exposure Investor communications War Stories  The value of the dollar and how it affects real estate Market selection Hold time The use of correct debt   Find Dan at granitetowersequitygroup.com Book a call with Ruben at calendly.com/rubengreth Hang out with other capital raisers, fund managers and family offices every Thursday at 11:00 AM PST at our nationwide virtual capital raising meetup. Register at capitalraisingmeetup.com.  If you would like to find out more about Family Office Capital Raising events you can visit https://familyoffices.com/ Get The Family Office Club membership for $2,000 off by mentioning the Capital Raiser Show to holly@familyoffices.com or feel free to pay full price.   Check Out InvestNext! Whether you have $5M or $500 million AUM, InvestNext delivers an institution-grade experience to your investors and automates tasks like K-1 distributions with a single click. investnext.com  

Today, we're bringing a phenomenal guest who shares the worth of investing in education as a fundamental point of your success in real estate!Brad Sumrok tells us how he discovered real estate investing, the massive impact of mentorships on his journey as a beginner in the business, and why you shouldn't let the fear of investing in yourself block you from achieving the life you wanted.We've prepared more wisdom and value in this discussion, so be sure to check this episode!Key Points & Relevant TopicsHow mentorship, seminars, and conferences have awakened Brad's realization about the power of real estateThe hardest part of getting into seminars and conferences without a real estate background and while having a full-time jobWhy it's worth investing in yourself when you enter the real estate businessOvercoming the fear and doubt of investing your money into mentorshipsHow to find opportunities in the present real estate environmentThe importance of having focus and resilience in growing as an investorBrad's goals and his dedication to providing educationThe key to getting good results from mentorships and seminarsResources & LinksJoin Brad Sumrok's Weekend 2 Wealth Real Estate Mastery Event in Dallas, TX on Feb 17 - 18, 2024Replay of the 2024 Apartment Investing Forecast Online Live EventRich Dad Poor Dad by Robert T. KiyosakiApartment Syndication Due Diligence Checklist for Passive InvestorAbout Brad SumrokSince 2005, Brad has personally helped his students purchase over $6 Billion in apartment complexes, involving thousands of investors who have taken his training. Many of Brad's students began with zero previous investing experience and, within a few short years, hundreds of his mentoring students have retired and/or increased their net worth by over $1 MILLION. Even more are earning double-digit average annualized returns.Brad's first investment EVER was in 2002. He started with a 32-unit apartment complex and by 2005 he retired from his six-figure income job. Over the years, Brad has owned over 57 apartment buildings totaling over 10,000 doors and just over $1 Billion in asset volume. The Sumrok Multifamily Mentoring mission is to help 1,000,000 people achieve financial freedom by investing in apartments and following Brad's 20-year proven framework for successful apartment investing. Brad wants you to be able to enjoy the same quality of life that he has been able to achieve. Get in Touch with BradWebsite: https://bradsumrok.com/ Email: support@bradsumrok.com LinkedIn: Brad SumrokFacebook: Brad Sumrok's Apartment Investor Mastery / Brad SumrokInstagram: @bradsumrokTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Over her career, Sharon Riddle has worked in companies, non-profit organizations, and government agencies. She has provided business solutions in the areas of software upgrades, business process analyses, and conducted best business practice research for over 30 years. Sharon began investing in Single Family real estate in 2005 with her business partner, Dan. She took a leadership role managing all facets of the business including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to Multifamily in 2015 through initial education and investing passively in 18 properties in the Texas (DFW, Houston, San Antonio, and El Paso), Oklahoma (Oklahoma City), Colorado (Aurora, Brighton), Florida (Jacksonville), and Ohio (Columbus) totaling 3507 units to date. Served as a Key Principle. Completed sale of all SFR assets to become a lead sponsor in multifamily projects. Manage social media marketing for our Multifamily LLCs. Joined the Women's Multifamily Mastermind in 2019. Personal mentoring student of Brad Sumrok since 2015 and Millionaire Multifamily Mastermind since 2019.. Sharon Riddle is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Sharon Riddle? Reach out at www.excalibretexas.com.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book  Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.  ************************************************************************  GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS  LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book  PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/  WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow  ************************************************************************   ABOUT THE REAL ESTATE INVESTING CLUB SHOW   Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learnInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

Apartment investing stands as a resilient and proven approach to building lasting wealth and a consistent stream of cash flow … But given the market's cyclical nature, it's imperative for investors to stay vigilant and navigate both the peaks and valleys with a strategic mindset.  In this multifaceted episode, successful apartment investor and mentor Brad Sumrok joins us to reflect on lessons learned in 2023 and discuss potential challenges and opportunities in 2024.  Tune in and arm yourself with expert insights to brace for what's ahead, and glean tips from Brad's 22 years of experience in multifamily investing to help you thrive in any market conditions! Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.  

Brad Sumrok is THE #1 nationally known educator and mentor for Apartment (Multi-family) investing. After beginning in 2002, he has owned/invested in over 8,500 units and received the NAA Independent Owner of the Year Award in 2012. Brad has taught thousands the proven, time-tested essentials of how to profitably invest in Apartments. Hundreds have increased their net worth by over $1,000,000, and thousands are consistently earning double-digit returns as a direct result of his training and mentoring programs. Since 2012 Brad has helped his Students acquire over $5B in assets. His personal portfolio is over $800M AUM (assets under management) and he has personally raised over $100M for these deals.   Key Takeaways to Listen for Brad Sumrock's Expertise: He has significant experience in multi-family real estate since 2002, managing assets worth $800 million and overseeing over $5 billion in acquisitions. Transition to Syndication: Initially using personal funds, Sumrock successfully shifted to syndication, raising substantial capital for larger deals. Networking and Community Value: He underscores the importance of strong investor networks and community involvement in achieving real estate success. Team Collaboration in Syndications: Sumrock advocates for the benefits of collaborative efforts within syndication teams to enhance investment efficiency. Adaptation and Continuous Learning: His approach involves adapting to market shifts and focusing on continuous learning and mentorship for sustained growth in real estate.   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.   Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr X: @JavierHinojoJr The Naked Truth About Real Estate Investing on Spotify

Spoiler alert, it's cheaper to rent than it is to buy in many markets and Chris, Saied and Haroon are here to break it all down. They use the Austin market, which was a major growth market during the pandemic, as a prime example of the stress that may be forcing rental rates further down. They take a break to celebrate some of the nation's top colleges eliminating student loans entirely, but then get back to the apartment market by citing Miami's downward rental trends. Finally, to cap the show, Chris and Saied talk a whole lot of trash about novice syndicators like Brad Sumrok and Grant Cardone. Oh, and apparently Haroon opens up apple juice jars with his rear end.Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what's right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Mortgage Cost Surge Makes It Cheaper to Rent in Tough US Market (Bloomberg)Austin has over 120K apartments in pipeline (The Real DealSome of the nation's top colleges are eliminating student loans (CNBC)Miami's Rental Market Roller Coaster Is Headed Downhill (Wall Street Journal)Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing (The Real Deal)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Today, Sridhar Sannidhi proves that being an introvert and working a full-time W2 job is never a barrier to starting and succeeding in real estate investing. Be inspired by his incredible journey to rapid success in the multifamily industry and the fundamental mindset to help you reach milestones, grow wealth, and retire early.WHAT YOU'LL LEARN FROM THIS EPISODE Sridhar's transition journey from W2 to passive investingThe mindset behind venturing into multifamily real estateWhy it's important to learn real estate from mentors2 success tips for real estate general partners with a W2 jobPractical advice for rookie real estate investorsRESOURCES/LINKS MENTIONEDQuest Trust Company: https://www.questtrustcompany.com/Brad Sumrok: https://bradsumrok.com/Multifamily Octane Coaching Mastermind: https://shorturl.at/ejJKYRaiseMasters: https://raisemasters.com/raisemasterABOUT SRIDHAR SANNIDHISridhar Sannidhi is the CEO and Founder of Grow Wealth 2 Retire LLC. He has been a technologist for over three decades, spanning legacy, distributed, internet, and cloud computing. He is a deal Sponsor/GP in 2700+ Units in 12 deals/ $350 mil assets under management and a Limited Partner in up to 7000+ units in 25 deals, approximately $800 mil. Sridhar constantly looks for value-added or stable properties within the commercial real property. He has a strong background in Financial Analysis and Statistical modeling. He is a very committed, collaborative, and results-oriented team player. CONNECT WITH SRIDHARWebsite: Grow Wealth 2 Retire LLC: http://www.growwealth2retire.com/CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!

Key Takeaways Being committed to your real estate goals is vital, but without taking consistent action, your commitment won't yield the desired results. When considering investments, prioritize markets with proven track records, such as Dallas and Houston, as they continue to shine in the multifamily sector. In syndication deals, ensure that all partners have the financial backing necessary to weather challenges and keep your deals funded. Be cautious when opting for fixed-rate loans with steep prepayment penalties. Always consider potential exit costs in your financing decisions. Success in real estate often comes down to focus and passion. Specialize and stay committed to your chosen niche for long-term success. Believing in the opportunity and being confident in your message can significantly impact your success. Timeline [00:40] Intro to Podcast [02:46] Intro to episode guest [05:54] One word that describes Brad personally and professionally. [07:44] Brad shares why he doesn't deviate from what he is doing. [08:52] Brad, what specific factors do you consider when conducting property underwriting beyond the usual metrics like rent growth and exit cap rates? [16:54] Are you still underwriting deals and looking at deals? [19:20] What strategies do you currently teach students for raising private capital in today's market, and how do you adapt to the challenges posed by the current market conditions? Contact  Email: support@bradsumrok.com Website: bradsumrok.com

Justin Bach holds a Bachelor of  Business Administration degree  in Finance, with a minor in Business Analysis from the University of Toledo in Toledo, Ohio.  He has 15+ years' experience with various roles in corporate Accounting and Finance, with the last role being a Sr. Consultant at TPG Inc.  He started buying real estate like a lot of other people did, after reading Rich Dad, Poor Dad, by Robert Kiyosaki.  This book, combined with Tom Wheelwright's  Tax-Free Wealth led Justin & Maggie to purchase a house in 2016 that would give a business reason to travel from Texas to the white sands of  Sarasota, FL.  In 2018, while looking for ways to scale the real estate portfolio, Justin met the Apartment King, Brad Sumrok, in Dallas and enrolled in Brad's mentorship group in 2019.  This was the start of their multifamily real estate journey.  Maggie Bach holds a Bachelor of Arts degree in Interior Design from Bowling Green State University in Bowling Green, Ohio.  She has 20+ years' experience in the Furniture Industry, both in Residential and Contract Furniture.  Throughout her corporate career, she has managed many multimillion-dollar projects from groundbreaking to grand opening and led successful design teams to exceed goals.  Maggie stepped out of her corporate role in 2021 to focus on real estate and building a life by design.  She now operates TGS Commercial Interiors where she independently contracts commercial design projects, allowing her to remain flexible for multifamily real estate and all of life's Good Stuff. Website: https://tgsinvestmentgroup.comLinkedIn: https://www.linkedin.com/company/tgs-investment-group/DFW Meetup: https://www.meetup.com/apartmentinvestormastery-denton/Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials!  We're Daisy and Luc, two millennials who love multifamily investing.  With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial.  We're excited to chat with you about the what's, the why's, the how's, the who's.  The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies.  Take action on your financial future TODAY! For more info, check us out at makeitraincapital.com.

What's the formula for multifamily investing success? Today, Tim Little is on the show to uncover how to scale into multifamily real estate and raise capital like a boss. Listen to Tim's debt-free journey as an investor and be inspired to create your success!WHAT YOU'LL LEARN FROM THIS EPISODE What makes RaiseMasters unique and helpfulA brief rundown of learning real estate as a newbie Top tips on starting multifamily investing as a general partnerHow powerful real estate events and communities areTim's systems and processes for raising capital effectivelyRESOURCES/LINKS MENTIONEDRaiseMasters: https://raisemasters.com/raisemasterHunter Thompson: https://www.linkedin.com/in/hunterthompsoncfcRich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/44V4SvaBiggerPockets: https://www.biggerpockets.com/Brad Sumrok: https://bradsumrok.com/Reed Goossens: https://www.linkedin.com/in/reed-goossensRod Khleif: https://rodkhleif.com/Coaching and Mentoring: https://legacywealthholdings.com/coaching/Get a FREE passive investor cheat sheet at https://www.zanainvestments.com/cheatsheet and start creating mailbox money through real estate today!ABOUT TIM LITTLETim Little is the founder and CEO of ZANA Investments, a real estate syndication firm named after his two daughters, Zara and Lana. He helps busy professionals keep more of their time and get competitive returns by offering them opportunities to invest passively in apartment buildings. Tim started investing in real estate with a duplex in 2014 and has grown to a portfolio of 195 co-owned units valued at over $24.7 million. Practicing what he preaches, he is also passively invested in another 296 units. CONNECT WITH TIMWebsite: ZANA Investments: https://www.zanainvestments.com/Podcast: Journey to Multifamily Millions: https://apple.co/3O4weblLinkedIn: Tim Little, MBA: https://www.linkedin.com/in/timklittleEmail: tim@zanainvestments.comCONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!

Discover the dynamic journey of power couple Ryan and Sarah McDonnell as they navigate the intricate balance of raising a family while thriving as real estate investors. Gain valuable insights into their strategies for success as they share their stories, challenges, and triumphs of seamlessly integrating these two important aspects of their lives.KEY TAKEAWAYS How is quality time cultivated in a family of entrepreneurial achieversWhy parents should lead by example to their kids Crucial reasons why real estate is an ideal way to earn for beginners Powerful benefits of relinquishing a controlling work attitude Basic tips to support your partners in their career development endeavors RESOURCES/LINKS MENTIONEDChat OpenAI: https://chat.openai.com/  Brad Sumrok: https://bradsumrok.com/ ABOUT WITH RYAN AND SARAH MCDONNELL For over 20 years, Ryan has made it his mission to give back to his clients & community throughout his career as a mortgage banker. Ryan and the McDonnell Mortgage Team at PRMG - have committed to helping countless homebuyers become homeowners using creative strategies most banks and lenders don't offer. Together with his wife Sarah, thriving in the beauty industry and always challenging comfort zones, they are a duo of fiercely competitive achievers.  CONNECT WITH RYAN AND SARAHInstagram: @mcdonnellmortgageteam_” https://www.instagram.com/mcdonnellmortgageteam_/?hl=en @radiancecda: https://www.instagram.com/radiancecda/  CONNECT WITH USSchedule a 20-min get-to-know each other call - bit.ly/3OK31kISchedule a 20-min call to explore performance coaching - bit.ly/Coaching-JulieSchedule a 30-min call to learn about investing with Three Keys Investments - bit.ly/3yteWhxJoin the Book and Networking club via Zoom at: bit.ly/3HBPnQw or sign up at: bit.ly/3c0dr1uVisit ThreeKeysInvestments.com to download a free e-book, “Why Invest in Apartments”!Learn how to reduce your tax liability by scheduling a FREE consultation at https://modewealth.com/If you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1I Please RSS: Review, Subscribe, Share!

Welcome to the Real Estate Ballers Show

On today's show we hear how Mike got into business as a syndicator working in Brad Sumrok's community and scaled quickly in capital raising.   Some topics we covered include: Avoiding Taxation Going from Passive to Active to Raising  Going Through Brad Sumrok's ecosystem Spending time in Tony Robbins Ecosystem Scaling incredibly quickly The effect of the lending crisis as a capital raiser People still have cash on the sidelines Which Quarter is the best time to raise? Which Markets are good to invest in?  Use the migration map from U-haul What asset classes do you like Sharing your personal story to raise capital (the frustration)  Expanding capital raising capacity Avatar Creation Marketing techniques Find Mike at cypressadvantage.com Get all your syndication and capital raising marketing at pitchdecks.com  If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

What if you could get the government to buy you a Ferrari? How do you build a plan that leverages incentives from the government? Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people rely solely on a stable income for their daily living expenses, but having multiple sources of income can offer benefits beyond financial stability. Not only can it provide financial freedom, but it can also allow for more time with family and loved ones. Rebecca Moore is a multifamily real estate syndicator and psychologist who has achieved great success in the apartment syndications business. Her interest in this field was motivated by the financial freedom it offers and the opportunity to spend more time with her family. Rebecca gained experience and knowledge through Brad Sumrok's group, which helped her navigate the complex world of apartment complex investing, including building her capital stack, which is the combination of different financing sources used to purchase the property. With the help of Sumrok's group, Rebecca was able to purchase a 94-unit complex and successfully manage the asset, despite the challenges that come with such an investment. If you're interested in multifamily real estate syndication, Rebecca Moore's experience and knowledge gained through Brad Sumrok's group offer valuable insights into navigating this complex industry. Tune in to this episode to learn more.   Key Points From This Episode:   About Rebecca Moore About apartment syndications What hooked her on syndication, her experience and  learnings in the business through Brad sumrok's group Apartment complex process How did she build her capital stack What's with Brad Sumrok's group that  gave her the confidence to buy 94 units complex The team that makes it possible for her to own these apartment complexes What is an asset manager Challenges that have come up with her being the asset manager  Financial benefit and lifestyle change that Rebecca and Warren experienced   About Rebecca Moore Rebecca Moore, along with her husband Warren Buller amassed several single family homes while stationed in the different locations the US Navy sent them. In 2012, they founded Starboard Equity for the purpose of investing in real estate to become financially independent. With over 10 years of experience in real estate investing, Rebecca is a full-time multifamily syndicator, asset manager, and investor. She has led the acquisition of five multifamily properties and owns over 2000 multifamily units. While Warren was stationed at Naval Base San Diego as Commodore, Rebecca began to syndicate in Dallas-Fort Worth. Because she was able to hold a full time job in one state, travel to find exceptional properties in another state that generated excellent returns for investors, she has been a featured speaker at real estate investing events and webinars to inspire others to do the same. Rebecca has a Doctorate in Clinical Psychology and practices Psychodynamic Psychotherapy for a very select few people. Warren Buller holds master's degrees in National Security and Human Resources. Warren is a retired Naval Surface Warfare Officer.   Follow Rebecca Moore Website | starboardequity.com Linked In | www.linkedin.com/in/rebecca-moore-buller Youtube | www.youtube.com/channel   Join the Community I'd love to hear your comments and questions about this episode. Here are some great ways to stay in touch or get involved in the My Freedom Foundry Community! FREE Facebook Group - My Freedom Foundry - Free Yourself With Real Estate Investing | www.facebook.com/groups/myfreedomfoundry  Freebies and Resources To Help You Excel Your Business | www.pauldavidthompson.com/work-with-me  Grab your copy of my best-selling book: ESCAPE: Money Mindset to Freedom with Stocks, Real Estate, and Starting Your Own Business, HERE.   If you like what you hear, please subscribe and leave a rating or review!

Today, apartment investing is completely different from what it was just 18 months ago. Interest rates are much higher, leverage is much lower, cap rates are higher, and values have fallen. Yes, it is challenging to be a real estate investor. Veteran Apartment Mentor- Brad Sumrok discusses what he is advising clients today. To contact Brad Sumrok: www.bradsumrok.com May 2023 Old Capital Virtual Speak Series: Capital Calls RSVP: OldCapitalLending.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion; please leave us a 5-STAR RATING on iTunes.

When you think about buying a property, things like cash flow, appreciation, and tax benefits all weigh into your decision … But in order to really understand the investment you're making, those aren't the only factors to consider. In this episode, we welcome back to the show someone who knows a whole lot about market analysis, property due diligence, and underwriting … Tune in as we talk with Brad Sumrok about the three critical components of due diligence … And what to look for when analyzing and vetting a deal in today's changing market. Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.

In this episode, our guest Brad Sumrok talks about how he transitioned from corporate America into earning big from what he loves doing. Brad Sumrok is an apartment investor, a life coach, mentor, and motivator who loves using his life examples to teach people how to be better. His exploits in apartment investing put him among the top apartment investors in the world, giving him leverage to network with some of the best talents in different fields.

When Brad asked me to come hang out with him in Dallas at his upcoming conference, I said “Heck Yes!” Come join me in Brad's town, let's get better at raising capital, let's network and let's spend time with a guy that has created 100's of millionaires. Rat Race 2 Retirement Conference Dallas, TX March 24-26! $99 Virtual - $299 In Person - $699 Platinum   Get tickets and info here: https://ql344.isrefer.com/go/crs/brad/

Brad came on the show to chat all things syndication and of course I had to ask him about his evolution as a syndicator and mentor. Now having a community of 1,500 students, taking down large multifamily syndications and having mentored 100 plus people to become millionaires, he shared some of the things he learned along the way. Here are some of the things we discussed: Going from Engineer to Syndicator Scaling from JV Apartment complexes to larger scale syndications. Rat Race 2 Retirement Conference Taking Down His First Syndication and Being the Sole GP Organically Creating a Syndication Mastery Ecosystem Why 60 Units and Up is Where People Should Start The Evolution and Adding of Capital Raising Strategies and Branding Words of Wisdom to the Aspiring Apartment Syndicator The upcoming Apartment Investor Forecast on Feb 9th. Make sure to sign up for his conference and his Apartment Investing Forecast https://bradsumrok.com/forecast/ Feb 9th at 5 PM PST   Brad's Rat Race 2 Retirement Event: https://ql344.isrefer.com/go/crs/brad/ Meet me there for networking March 24-26 in Dallas, TX. $99 Virtual - $299 In Person - $699 Platinum   Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth  

Brad came from the corporate world with more than one degree…  So when he met his first mentor, at first, he was very skeptical of a millionaire investor with no college degree who was cursing about multifamily on stage! However, he realized that his skepticism illuminated the opportunity that exists in the industry.  Anyone can succeed with the right skills and understanding. Unfortunately, his engineering degree and MBA weren't enough… Now, after acquiring over 10,000 units, Brad Sumrock reveals what it takes to succeed! Brad started with the mission of replacing his W-2 income with passive income.  Unlike many of us, he started with a 32-unit property… However, like many of us, if he realized that if he was going to continue growing his portfolio,  he would need to include other investors in his deals! This epiphany is what helped him let down his ego and learn syndication from his mentor.  Now, after escaping the rat race over 15 years ago, Brad wants to help others follow his path! Brad has an incredible story, so I encourage you to tune in to today's episode! Take Control, Hunter Thompson Want to learn more about Brad's Upcoming Event?  Click Here to learn more about Rat Race 2 Retirement. Resources mentioned in the episode: 1. Brad Sumrock Website LinkedIn Instagram Facebook Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Buying an apartment building might seem a little intimidating to mom & pop investors, but it doesn't have to be. Like anything, you need to study the topic before you dive in. And that can be done in different ways, including the use of a mentor to teach you the ropes.In today's episode, you'll hear from Brad Sumrok who ditched his job, found a mentor, and started investing in multi-family apartment complexes about 20 years ago. He began with a 32-unit building in 2002 and by 2005, he had enough money from rental income to replace his 9-to-5 job and “retire.” Today, Brad and his wife Jen earn 7-figures combined from their real estate holdings and their real estate coaching business. They now have plenty of time to spend doing the things they love which include family, friends, and travel. They are also passionate about donating to charities, and have a goal to contribute $1 million to good causes. You can get in touch with Brad at bradsumrok.com. You may also want to check out his events page. On September 30 through October 2 of this year, he's holding a conference on multi-family investing in Dallas. I will be one of the speakers at that event. You can find out more and sign up for the event at Brad's website or go directly to https://www.aimnatcon.com.

Retired after just 3 years investing in apartments, Brad has owned over 7,500 units in 11 different markets throughout the county AND has helped hundreds of students increase their worth by Millions following his proven step-by-step process. Learn from the guy that did it. Brad didn't start off with a silver spoon in his mouth; born of working-class parents in Pittsburgh, he bought his first apartment investment over 20 years ago and has been teaching apartment investing for 15. His passion is teaching and the millionaire mindset. Brad chats about the upcoming AIMNATCOM.COM event in Dallas on September 30-October 2. To contact Brad Sumrok: BradSumrok.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Sarah May is the co-founder and president of Regency Investment Group and has over a decade of multifamily investing experience in her home state of Colorado. Sarah is the founder and managing partner of Regency Investment Group which focuses exclusively on value-add multifamily apartment acquisitions and operations. Regency's goal is to help their investors grow their wealth faster through passive real estate ownership. Regency Investment Group has sponsored 6 syndications in Colorado and Texas totaling over 800 units. Sarah likes to invest as a sole owner and a limited partner in other sponsors' deals, too! Sarah's prior professional background is in aerospace and propulsion engineering at Lockheed Martin. She also worked in strategic planning where she was responsible for developing the strategic priorities for the multi-billion dollar corporation. Sarah has been a member of Brad Sumrok's Apartment Investor Mastery program since 2016 and holds a Bachelor's degree in Mechanical Engineering from Colorado State University and a Master's degree in Aerospace Engineering from the University of Colorado. When not putting together real estate deals, Sarah enjoys chasing around her two kids, exploring the Colorado outdoors, and playing tennis. In this episode Sarah talks about her first duplex deal and joining a mentorship group shortly after. She talks about how her and her husband co-sponsored a larger apartment deal to start and now own 6 larger apartment complexes. Sarah talks about mindset and what it's like to run a business with your spouse. Lastly, she talks about the market cycle, interest rates, underwriting deals, and her assumptions of where the market is headed in the next 3-6 months. Connect with Sarah: Website: www.regencyinvestmentgroup.com Email: sarah@regencyinvestmentgroup.com LinkedIn: Sarah May Partner with us: www.pac3capital.com Follow the show on Instagram: @themultifamilytakeoff

We explored Brad Sumrok's Mentorship and scaling into syndications. The path is different for everone. Don't compare yourself to others. http://www.thrivemultifamily.com/

Listen to Amy & Cory go over their 166-unit deal in Kansas City, Missouri as they cover the capital raising for it, any challenges encountered, and the management of the asset after closing.Join our multifamily investing community for in-depth courses and live networking with like-minded apartment investors at https://www.thetribeoftitans.infoLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPo...Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/Instagram: https://www.instagram.com/diary_of_an...This episode originally aired on May 6, 2022----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 655 units worth $50 million in assets under management and are continuing to grow.  He recently retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on LinkedIn or Facebook.----Cory and Amy have been real estate investors since 2015, owning and managing office and retail space. After seeing the positive changes in the community as a result of their investment, they decided that real estate investing can be a win-win for everyone involved. In 2021, they expanded their investment portfolio to include multifamily properties and are looking forward to generating favorable returns for investors while creating better communities for the tenants. Both are members of Brad Sumrok's Personal Mentoring program and the Sumrok Millionaire Multifamily Mastermind since 2021.Connect With Them:Email: amyandcory@omeyestars.comCalendly: calendly.com/amyandcory

Brad Sumrok is a Real Estate and Multifamily Investment Expert. Brad is a nationally known educator and mentor in the multifamily investment space. Getting his feet wet back in 2002, he has since owned over 8,000 apartment units throughout 11 US markets. In addition to his own investment endeavors, Brad has taught thousands the proven, time-tested essentials of how to profitably invest in Apartments buildings and find their fast path to retirement and passive income through his rat race to the retirement training program.   Quote: “The way we are underwriting deals will be different than three months from today.” “We not using double-digit rent growth in any underwriting, but what we are doing is getting ahold of industry data…there's a whole variety of multifamily data that can be very down to the one-mile circle around your property.” Highlights: 02:18 - Brad tells listeners more about his background in real estate. 07:05 - Brad dissects his first real estate deal.  15:14 - Brad discusses his thoughts on modern business models and insight from his mentors. 23:46 - Brad talks about rent growth, underwriting opportunities, and projections. 29:00 - Brad provides insight into how he guides his students through rent projections and underwriting. 32:04 - Brad discusses the impact of the Russia-Ukraine war on real estate. 34:46 - Brad dives into what he's excited about outside of real estate. Guest Website: https://bradsumrok.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team  Recommended Resources:  Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com  Self Directed IRA Investment Opportunity –  Click Here To Learn More About How You Can Invest With Us Through Your SDIRA  Accredited Investors  Click Here  to learn more about partnering with me and my team on Mobile Home Park deals!  Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com  Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2  

Brad Sumrok has successfully helped hundreds of his students retire from apartment investing and goes into detail on the 3 things to verify when picking your personal mentor for whatever your goal you may have.

What's in the cards for apartment investing? How can an investor become accredited without meeting the financial requirements? What are the latest updates from the SEC? Today, we're shifting our focus back to main street to discuss apartments, syndication, and legal changes coming down the line … Tune in to this elite episode as we call on three outstanding experts in these areas to find out what they're keeping tabs on in the road ahead.