Empire Lessons From Buying 10,000 Apartments, Jets & More w/ Brad Sumrok

2024/6/10

Living The Red Life

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Brad Sumrok

Rudy Mawer

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Brad Sumrok：本期节目中，Brad Sumrok 分享了他从传统职业道路转向房地产投资的经历。他强调，传统的教育和职业道路并不总是通往财务安全和个人满足的唯一途径。他以自身为例，讲述了在企业界工作十四年后，感到迷茫和财务不安全，最终通过阅读《富爸爸穷爸爸》并参加房地产投资研讨会，开启了他的房地产投资之旅。他从最初的单户型房产投资转向多户型房产，并逐步扩大投资规模，最终积累了大量的房地产资产。他认为，投资多户型房产比单户型房产更有效率和盈利，并且更容易获得融资。他还强调了人际关系和持续学习在房地产投资中的重要性，以及在大型交易中保持谦逊和处理好错误的重要性。他分享了他如何通过建立投资人网络，利用他人的资金进行更大规模的房地产投资，并最终获得成功。他还谈到了他如何将房地产投资与教育相结合，通过举办活动和提供培训，帮助更多人实现房地产投资的梦想，并从中获得极大的满足感。他认为，投资自己比投资任何资产类别都重要，并鼓励人们不要害怕冒险，追求自己的梦想。 Rudy Mawer：Rudy Mawer 作为节目的主持人，引导 Brad Sumrok 分享了他的经验和观点。他与 Brad Sumrok 分享了他自己对传统教育和职业道路的看法，并对房地产投资的优势和挑战进行了探讨。他与 Brad Sumrok 一同探讨了房地产投资的策略、融资方式以及人际关系的重要性。

Deep Dive

Chapters

Brad Sumrok shares his journey from corporate America to real estate. After 14 years in the corporate world, he felt unfulfilled and financially insecure. Inspired by "Rich Dad Poor Dad," he explored real estate and found his path to success.

Brad Sumrok felt unfulfilled and financially insecure after 14 years in corporate America.
Reading "Rich Dad Poor Dad" inspired him to explore real estate.
He attended seminars and conferences to learn about real estate investing.

Shownotes Transcript

Today I've got Brad Sumrok in the house. Termed "The Apartment King". We discuss the conventional wisdom surrounding education and real estate investment. Brad explains how societal norms lead many to unquestioningly spend large sums on a traditional college education, only to find limited job prospects afterward. Reflecting on his own experience, Brad details his journey through the corporate world, achieving degrees and following the expected path until it left him unfulfilled and financially insecure. His turning point came after reading Rich Dad Poor Dad, which inspired him to explore real estate as a viable alternative to traditional employment.

Brad shares how attending seminars and seeking mentorship transformed his career, allowing him to amass a portfolio of over 7,800 apartment units. Initially intimidated by large real estate deals, he emphasizes the importance of starting small and gradually taking on bigger projects. His story highlights how multifamily properties, starting with a 32-unit building, offered a more streamlined and profitable path than single-family investments. He also underscores the value of investing in oneself through education and networking, as these personal investments often yield higher returns than any single asset class. The episode stresses the power of community and continuous learning in achieving long-term success.

CHAPTER TITLES

1:16 - Brad's Background and Real Estate Journey

2:29 - Initial Real Estate Exposure

3:04 - First Real Estate Conference Experience

4:02 - First Investment: From Single-Family to Multifamily

4:44 - Scaling Investments: Raising Capital and Larger Deals

6:10 - Financing and Management of Large Multifamily Properties

6:52 - Transition to Education and Mentorship

8:21 - Building a Community and Event-Based Learning

9:04 - Challenges and Relationships in Business

11:38 - Mindset and Lessons from Large Deals

14:13 - Community Impact vs. Individual Success