Realty411 Magazine Featuring Missy McCall-Hammonds | Page 24

Brad Sumrok on Investing in Multifamily Apartments for a Sustainable, Early Retirement National award- winning real estate investor, and mentor, Brad Sumrok was able to walk away from his six- figure corporate job in just 3 years after invest- ing in apartments. S o how did he do it? What advantages can be found from investing in 5 plus unit multifamily commercial properties? What golden rules have helped Brad scale to owning over 1,400 doors, and what does a “Full Life” in retirement mean to one of America’s leading real estate minds? Article by Tim Houghten • Photographs of Brad Sumrok on location at his Multifamily Bootcamp in Dallas, Texas. family apartment buildings. Brad says “I teach three guiding rules for success- fully investing to retire in 3 to 8 years.” These are: Why Multifamily? 1. Invest for cash flow. 2. Select investments with upside potential: i.e. capital gains, and appreciation. 3. Harness the power of leverage. With so much buzz and interest in single family rental properties re- cently, why invest in multifamily? Put simply, Brad says, “It works and just about anyone can do it.” In an exclusive interview, Brad Sumrok elaborated that multifamily income property investing works in all market cycles, anywhere in the United States, with the proper education and strategies. The mentor’s proven system for long-term investing enabled him to retire in just three years with multi- Realty411Guide.com Busting the Myths about Multifamily Commercial Property Investing BradSumrok.com, and its related edu- cation curriculum goes a long way in busting the myths around commercial real estate investing. Many might be scared off by the term ‘commercial’, or larger properties. Kicking the misconceptions to the curb in a single sentence, the Dallas- based real estate investor says, “In 10 years of acquiring over 1,400 units, I’ve had one single family rental property. That one single family residential rental was more work, and harder to manage than all of the others put together.” Some investors have been battling each other over single family rentals In particular Brad, and his network of investor students focus on 5+ unit multifamily commercial properties, with individual apartment buildings ranging up to as many as 300 units. Sumrok points to this sector, coupled with his proven acquisition criteria, as being ideal for delivering “double digit cash on cash returns, and doubling your money in 5 years or less.” PAGE 24 • 2014 reWEALTHmag.com