Realty411 Magazine Featuring Missy McCall-Hammonds | Page 25

in insane bidding wars, and even on negative cash flowing properties. From easier access to leverage, to simplified property management, and strong cash flow potential, Brad Sumrok’s students have been finding this niche highly profitable, and a great way to progress towards their financial and life goals. Brad comments “I’d never buy property with negative cash flow projec- tions,” adding “It’s just crazy!” On Selecting the Best Real Estate Markets to Invest in… The bulk of Brad’s real estate empire has been built in Texas, however he is expanding to other markets with his most recent acquisition being in Colora- do. However, rather than simply being bullish on a single geographic area, or insisting out of area investors flock to these markets, Brad offers 4 criteria for evaluating the best locations at any time. 1. Choose a landlord and business friendly environment. 2. Look for current and projected population growth. 3. Select areas with current and strong economic growth forecasts. 4. Stick to markets where housing costs are less than the national medi- an. The Key to Retiring Early? The Definition of Retirement, according to Sumrok: “When invest- ment income meets or exceeds living expenses.” This is when individuals are able to realize real freedom and live life on their own terms. Some may choose to continue to pursue their careers, but at least at this point it is out of choice, not necessity. Everyone has different lifestyle demands, and enters from a different starting point. Still using this system retirement should be achievable in 3 to 8 years for those who learn and implement Sumrok’s simple, proven processes. What “Retirement” Looks Like for Brad Sumrok In a phone interview, Sumrok who just happened to be vacationing in the Northeast, painted a picture of his cur- rent retirement as including; spending 10-12 week year pursuing his passions for travel and visiting friends and fami- ly, spending time in the family’s second home in Florida, continuing to actively invest in multifamily properties, and his passion, which is teaching, mento- ring and helping others achieve similar results as he was able to achieve.. We had to ask - why on earth would a highly successful investor, who could afford to retire to golf and the poolside continue to entertain speaking engage- ments, and offer coaching to others? The answer, “I’ll never forget the incredible feeling of being able to walk away from my job.” Brad explains that after 17 years in corporate America, he simply wasn’t happy trading his time, and sacrificing real life for a paycheck. This coupled with the increasing lack of job security and being fired and laid off once (which we can all relate to), spurred him to invest in cash flow real estate. However, it was the amazing feeling of freedom and fulfillment that has inspired, and fu- eled Brad Sumrok’s passion for helping others to achieve the same. What’s Special about Brad Sumrok’s Training? What makes this mentor stand out from the ever swelling list of self-ap- pointed real estate investing ‘gurus’ out Continued on pg. 106