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

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