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Bradley Sumrok shares his challenging experiences with recent deals, emphasizing not selling unless necessary and the importance of vetting partners and having liquidity. He also highlights his mentorship program and charity work. Bradley Sumrok | Real Estate Background Sumrok Multifamily Mentoring Portfolio: 35 buildings totaling ~7,700 units Based in: Dallas TX Say hi to him at: www.bradsumrok.com Best Ever Book: Rich Dad Poor Dad Sponsors: Viking Capital Apartments.com Hotel Shift
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!
Kaylee has purchased over 68.2 million in multifamily real estate as a General Partner and principal. She sold over 3 million dollars in residential real estate before transitioning into her current full-time syndication role. Originally from Portland Oregon, host of InvestHER Dallas. She has started a podcast called #1 leading ladies where she interviews kick-ass women who are disrupting their industry and the REAL story of how they got where they are. She is developing technology to help make it easy and convenient for women to learn how to make passive income through apartment investing. Kaylee has done home flipping, as she feels that to be truly confident in giving advice to clients about buying/selling/flipping/investing in Real Estate one should NEVER take advice from someone who has never gone through these things themselves. Kaylee has completed continuing education in home comparables, appraisals, real estate investor representation, investment and wealth creation, legal 1&2, broker responsibility, property management, marketing, and web development for real estate companies. She continues to learn for fun constantly. Some of her completed subjects/courses have been apartment value add strategies, syndication methods with Joe Fairless, apartment mastery boot camps with Rod Khleif, Rat-race to retirement seminars with the Sumrok group, she’s constantly reading on negotiation tactics (Chris Voss never split the difference), how to buy and flip business’ which are sick and much more. She has completed GRI Marketing for sellers, GRI is the graduate institute for realtors and is a distinction that shows Kaylee is committed to the success of getting you top dollar on your investments. The entire backbone of what gets Kaylee out of bed every day is her “why”. This is something she will share when asked personally about it, but at a 30,000-foot view, it is to create independence and space for those experiencing codependency and toxic relationships which hamper their ability to visualize and then manifest what their amazing reality truly could be. Her company culture models this why and is “Changing the face of multifamily” to bring more women into the light as powerhouse operators, key principles, and commercial brokers. She is on the mission to create 1 billion more female investors and “givers”.
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Airlines will not give an INEXPERIENCED or a NEW PILOT- a 737 airplane to fly- with a bunch of passengers in the back...if they have only flow a Cessna 172. BUT…How many folks do you know-that are trying to buy apartments without first using a qualified and successful instructor and mentor? Hopefully, those investors are NOT learning on your investable dollars. Do not trust someone with your hard-earned dollars if they have not had specific education in apartment investing. Even limited partner investors need to be educated on the “rules of the road” BEFORE they invest. Brad Sumrok has been teaching and mentoring apartment buyers and investors for almost 20 years. He has made his students financially independent by investing in apartments. Don’t risk your money; talk with Sumrok. To contact Brad Sumrok: www.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.
On the eighth episode of The Multifamily Investing Show, Michael sits down with John Griggs, Co-Founder and Co-CEO of Presidium Group, a Texas based Multifamily investment frim with nearly 20,000 units under it's belt. A Stanford Graduate and Lawyer by Trade, John discusses how he gave up the Legal biz to become one of the Largest Multifamily Developers in one of America's Hottest Markets.Listeners will hear a discussion about the evolution John's company Presidium from it's origins in repositioning difficult workforce housing assets in high crime locations to being the developer of one of Austin's highest profile multi-decade development projects. John shares how he feels that both Dallas and Austin economies are in what he describes as a “Super Cycle with decades of legs to it”. Himself being a California transplant, John discusses how the momentum moving to Texas is just relentless. Hear John discuss his optimistic outlook for the second half of 2021, where he expects a frenzy of economic activity. John also discusses the evolution of the private capital and the impact the new class of Multifamily Syndicators have had on our industry. Crowdfunding over the last few years, has really lead to the democratization of equity and the ability for small investors, individual investors to access quality operators and quality products. John Griggs, is a true visionary and leader in our industry. You will not want to miss this episode.
On the sixth episode of The Multifamily Investing Show, Michael sits down with Brad Sumrok, the founder of Brad Sumrok Apartment Investor Mastery. Starting out as a Real Estate Investor, Brad has built one of the largest and most successful Multifamily Mentorship programs in the Nation. After being a successful real estate investor for nearly two decades, Brad discusses his vision that he turned into his successful program that has helped thousands of people to learn how to become financially free by investing in Apartments. As he describes, it is much more than a real estate educational platform, it is a ecosystem where its' members get access to everything one needs to successfully buy a Multifamily deal. From underwriting tools, checklists, mentoring, introduction to service providers, access to debt, access to equity and leveraging his groups track record to be taken seriously by the brokerage community. His program has successfully helped launch the careers of numerous Multifamily Syndicators over the past 7 years. Michael discusses the real impact he has observed that the Sumrok Students have had in the Texas Markets. Brad describes how the programs reach has grown from its origins in Texas, to now starting to have a impact in many markets across the country. Love him or hate him, it is impossible to deny the Sumrok mentoring program has made its mark on the Multifamily industry. You will want to hear what he has to say.
On the fourth episode of The Multifamily Investing Show, Michael sits down with Nick Fluellen, the Senior Managing Director at Marcus & Millichap. Nick truly a Multifamily Industry Leader. Over the past 17 years, he has transformed from a 1-Man Operation into one of the larger Multifamily Brokerage teams in the entire Country Viewers of the show will realize that Nick and Michael go back many years, as they grew up in the Multifamily business at the same time. They discuss many war stories from over the years.Nick goes through a journey of the first 100+ unit deal he ever sold, Diamond Loch. Nick currently has it listed again which will be the 3rd time he will sell it. Through this entertaining deal story, you will see first hand the evolution of the Multifamily market over the past 15 years. Nick takes you through how CAP Rates, Debt Terms and Pricing have evolved over the years. Be sure to watch this episode. Nick is one of the most knowledgeable and entertaining brokers in the business. Its a must watch for any one looking to buy apartments in 2021. Be sure to take notes as there are a lot of golden nuggets in this show.
On the third episode of The Multifamily Investing Show, Michael sits down with Fritz Waldvogel, the Vice President at Colliers Mortgage. Fritz is one of the nations leading Fannie Mae Multifamily Lenders. He sits on the Fannie Mae Loan Originators Committee. Fritz discusses the challenges and changes to the Fannie Mae Multifamily lending program throughout 2020. He goes through how underwriting standards tightened up, borrower experience is something lenders are looking at harder, and the introduction of COVID Lender Escrows. Michael and Fritz discuss a very practical and actionable tip on how to get better loan proceeds when doing a value add Fannie Mae loan. If you are serious about the Multifamily business you will want to take notes on this tip from two professionals in the space. Fun Fact, many people might not know that Frtiz was a two-time Division III All American and in his single season in the German Football League won the Leagues MVP.
Our friends Brad and Jen Sumrok join us this week to chat about large apartment investing, how claiming real estate professional status saved them a million dollars in taxes a year and about building their syndication company. Brad and Jen are hosting their annual AIM NAT CON conference on September 19-20th, which is 100% virtual this year and approaching fast on September 19 & 20! Don't miss your chance to learn from several experts in the industry who will be sharing time-sensitive and relevant information about how their companies are pivoting, what they're doing to continue thriving during COVID-19, and more! Note: We are affiliate partners of Brad Sumrok and will receive a portion of sales if you choose to buy, at no additional cost to you. https://semiretiredmd.com/rdpd-leading-syndications-with-brad-and-jen-sumrok Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
Our friends Brad and Jen Sumrok join us this week to chat about large apartment investing, how claiming real estate professional status saved them a million dollars in taxes a year and about building their syndication company. Brad and Jen are hosting their annual AIM NAT CON conference on September 19-20th , which is 100% virtual this year and approaching fast on September 19 & 20! Don’t miss your chance to learn from several experts in the industry who will be sharing time-sensitive and relevant information about how their companies are pivoting, what they’re doing to continue thriving during COVID-19, and more! Note: We are affiliate partners of Brad Sumrok and will receive a portion of sales if you choose to buy, at no additional cost to you. https://semiretiredmd.com/rdpd-leading-syndications-with-brad-and-jen-sumrok Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
Summary Through collaborative care plans, and treating the underlying processes of drug addiction, Dr. Daniel Sumrok delves into how he implements trauma-informed care. Taking a holistic approach to treating addiction, he builds trust, meets the person where they are, and reduce relapse within persons working through their addiction. Dr. Daniel Sumrok is the Medical Director of The Integrated Health Centers of Nashville, the president of the Tennessee Society of Addiction Medicine, and a University of Tennessee Medical School faculty member. He is also board-certified in both family medicine and addiction medicine and brings exceptional achievement and though leadership in the field of Trauma-Informed Treatment. Quotes When people are able to be relieved of that anxiety and craving, it's a powerful opportunity for them to excel in their lives – Dr. Daniel Sumrok Key Points 00:35 – Guest introduction: Dr. Daniel Sumrok. 02:25 – As a medical physician whose board certified both in family medicine and Addiction Medicine, Dr. Sumrok talks about what inspired his interests in a trauma informed treatment for addiction. 05:53 – Dr. Sumrok talks his experience as an obstetrician, finding out his county was awash with drug addiction, and his journey on transition into trauma and addiction, and staring the Center for Addiction Sciences. 08:19 – Dr. Sumrok talks about treating the underlying processes instead of treating the symptoms from a physician's perspective. 09:37 – What are aces? And, why they may be at the root of addiction. 12:23 – CDC most common causes of death in the United States and linear dose response links to childhood trauma in adulthood. 13:23 – Implementing trauma informed care and collaborative care plans. 14:53 – Compassion, collaborative care, meeting the individual where they are, and caring about their situation. 17:51 – Why taking an integrative approach is necessary for treating addiction. 20:03 – Building trust, showing compassion, and relapse reduction. 24:25 – What are some results of proper prescriptions, working on aces, and using an integrative holistic approach. 25:42 - MAT and addiction management, and conditioning. 30:33 – Working through unprocessed trauma, white-knuckling it, and the difficulty of finding trauma-informed care. 34:51 – Linking biography and biology: What role does trauma-informed play in clinical decision making? 40:35 – How Integrative Health Center (IHC) care differs from Medical Assisted Addiction (MAT) care. 46:34 – Where to find Dr. Sumrok and IHC. Relevant Links Mike Govoni Website: www.mikegovoni.com Facebook: https://www.facebook.com/MikeGovoni23/ Instagram: https://www.instagram.com/mikegovoni/?hl=en Dr. Daniel Sumrok Website: https://www.integrativehealthcenterstennessee.com Integrated Health Centers LinkedIn: https://www.linkedin.com/company/integrative-health-centers-nashville/ Linked In: https://www.linkedin.com/in/daniel-sumrok-md-dfasam-3098b4132/ IHC Profile: https://www.integrativehealthcenterstennessee.com/addiction-treatment-staff/ Recommended Reads The Body Keeps the Score: Brain, Mind, ad Body in the Healing of Trauma, by Dr. Bessel Van der Kolk – https://www.amazon.com/Body-Keeps-Score-Healing-Trauma/dp/B00OBT7KAO/ref=sr_1_2?dchild=1&keywords=dr.+vanderkolk+the+body+keeps+the+score&qid=1585947541&sr=8-2
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
partment investing is one of the hottest niches in real estate. And for good reason! Apartments provide economies of scale, lots of cash flow, great tax breaks, and many financing options. Making the leap into bigger building can be intimidating at first ... but it's actually easier than you may think. So tune in as our special guest Brad Sumrok explains three ways you can get started in apartment investing ... and how you can find out where he thinks the best opportunities are heading into 2020. For your very own complimentary copy of the apartment investing forecast mentioned in the show, send your email request to forecast@realestateguysradio.com. The Real Estate Guys™ radio show provides investing commentary, education, training and resources to help real estate investors succeed. Free newsletter at RealEstateGuysRadio.com Follow on Facebook.com/TheRealEstateGuys
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
Three great guests join The Real Estate Guys to share their thoughts on what's ahead for real estate and investors in the year ahead. The Real Estate Guys™ radio show provides investing commentary, education, training and resources to help real estate investors succeed. Free newsletter at RealEstateGuysRadio.com Follow on Facebook.com/TheRealEstateGuys
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
Real estate investing is great for making money. But when it comes to tax benefits, it's in a class all by itself. In this episode, we visit with a veteran apartment investors who makes millions each year ... and with just ONE tax strategy from a world-class CPA, discovered a way to save nearly a MILLION dollars in taxes. In ONE year. Of course, the tax strategy works year after year, so what's that tax tip really worth? MANY millions. So tune in a discover how to save a million dollars in taxes with apartments. The Real Estate Guys™ radio show provides investing commentary, education, training and resources to help real estate investors succeed. Free newsletter at RealEstateGuysRadio.com Follow on Facebook.com/TheRealEstateGuys
Listen to Grant Cardone talk multi-family real estate deals with the Sumroks. They trade strategies, tactics, information and more as Grant shares his first real estate deal and those that followed.
Listen to Grant Cardone talk multi-family real estate deals with the Sumroks. They trade strategies, tactics, information and more as Grant shares his first real estate deal and those that followed.
Brad Sumrok's very first property was a 32 unit multifamily property! Sumrok broke that mold of graduating through fix & flips and single family rentals. Instead, he jumped right into apartment investing. And guess what?! You can too! Topics discussed: Apartment Investing Corporate America Financing Links mentioned in this episode: https://www.facebook.com/brad.sumrok Denver Apartment Network [https://www.facebook.com/groups/DenAptNetwork/] [https://www.meetup.com/Den-Apt-Network/]
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
Special guest Brad Sumrok updates us on the state of the apartment sector and how the year is shaping up for apartment investing in the United States. Brad shares what he looks for in top markets, and whether it's too late to get in on one of the hottest real estate sectors of the last decade. The Real Estate Guys™ radio show provides investing commentary, education, training and resources to help real estate investors succeed. Free newsletter at RealEstateGuysRadio.com Follow on Facebook.com/TheRealEstateGuys
In this episode, we interview multifamily beast Brad Sumrok. Brad is an active Multi-Family Property Owner based in Dallas Texas. He has been a Principal in over 3,000 units. In 2012 he received the prestigious Paragon Award as “Independent Rental Owner of the Year” from the National Apartment Association. In 2016 alone, Brad purchased 981 units totaling over $90,000,000. In this episode you will discover: -How Brad broke free from the Golden Handcuffs -Redefined retirement -Passive income -Economies of scale -Broker relationships -Resident managers -Rehabbing -The death spiral -Landlord friendly states -And much more! www.ApartmentInvestorMastery.Com www.BradSumrok.Com Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/pt/podcast/wheelbarrow-profits-podcast-multifamily-real-estate/id1025080737?l=en&mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes. Ratings and reviews are extremely important to our show and help in our rankings. Please leave a review if you find value in our show! Click here to learn more about our multifamily educational platform: Multifamily Mastery - https://jakeandgino.mykajabi.com/offers/tw3qfTWN If you have any questions, please email me at gino@jakeandgino.com If you would like to partner or invest with Jake & Gino, please fill out this form: Investor Form - https://form.jotform.us/72094810684157
Many believe that multi-family real estate investing is a path to financial freedom, but just don't know how to get there. It's easier than you think, and in this FlipNerd.com VIP interview, Brad Sumrok, a highly respected investor, mentor and coach will tell you how. Don't miss it! Get your copy of our FREE "Profiting with Rental Properties" Guide!
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
R2R Mentor Investing in multifamily properties is a team sport. A good team needs a good coach. In multifamily ownership it all starts with a good mentor. A mentor is an educator. Brad Sumrok talks about building your business with “transfer of creditability by bringing in the right team members.” Building your creditability quickly helps to compress the timeframe for your success.
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
Apartments have been arguably the hottest real estate niche over the last few years, enjoying strong demand from tenants and investors alike. But with lots of money chasing deals and more new inventory being built in hot markets, is there still opportunity...or is the party over? Listen in as we talk apartment investing with our expert guest...veteran apartment investor, Brad Sumrok. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Subscribe to our free newsletter! Visit RealEstateGuysRadio.com Please rate us on iTunes and Like us on Facebook. Thanks!
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
Apartments are often the first big step most real estate investors make when they're ready to graduate from single-family homes. In this episode, Apartment Investor of the Year winner Brad Sumrok shares his secrets for successful apartment investing. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter! Visit www.realestateguysradio.com. Enjoy the show? Please leave us a positive review on iTunes and Like us on Facebook. Thanks!
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Brad shares how he got started his investing career by investing in a 32 unit apartment complex and has done over 1,200 units in his career. Brad also shares how he has taken his experiences and used those to help him mentored hundreds of people on how to purchase and operate apartment complexes.