#414: Rent Growth, Business Models, Underwriting, and so much more!- with Brad Sumrok

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 28 March 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.5	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. This is the real estate investing for
0:23.6	cash flow podcast. Now, here's Kevin Bup. Hey guys, Kevin Bup here, and I want to welcome you to
0:31.8	another episode of the Real Estate Investing for Cash Flow podcast, where mission is to help you build
0:36.3	and maintain massive amounts of cash flow through
0:38.9	income producing real estate investments.
0:41.4	Now, our guest to this week show is real estate and multifamily investment expert, Brad
0:45.1	Sumrock.
0:46.2	Now, Brad is a nationally known educator and mentor in the multifamily investment space.
0:50.9	You got his feet wet way back in 2002 and has since owned over 8,000 apartment units
0:56.1	throughout 11 U.S. markets. In addition, his own, in addition to his own investment endeavors,
1:01.5	Brad also teaches and has taught tens of thousands of the proven time-tested essential of how to
1:07.2	profitably invest in apartment buildings and find their fast path to retirement and
1:11.3	passive income through his rat race to retirement training program. And so with that, guys,
1:15.6	I'm excited to welcome my guest for today's show, Brad, Samrock. Brad, how you doing, my friend?
1:20.5	Hey, I'm good, Kevin. I'm excited to be here today. Yeah, excited to have you here. Again,
1:24.8	as we were chatting about here before we started rolling,
1:31.6	you know, we probably have some overlap in the, in the space. We've never met in person.
1:34.8	We're not really meeting in person. Now we kind of are. I think Zoom now, I think that's almost equal to being in person, not as fun, right? Not as formal. But anyway, we're here now,
1:40.2	had the opportunity to chat a little bit. We know that we both spent a lot of time here in the Tampa Bay Market, found out that we've got some even connections. Family, not my family,
1:48.7	but your family, but your family. I do a lot of cycling with your brother-in-law. So small world,
	...

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