Real Estate WEALTH Magazine Real Estate WEALTH Magazine - DOWNLOAD IT HERE! - Page 36

Brad Sumrok quit his corporate job in 2005, thanks to investing in multifamily real estate. He’ll never go back to the rat race, because he and his wife live life on their own terms and have more freedom and income than when he had a job. THE WORLD IS YOUR OYSTER replaced his six-figure corporate income and put $1M in his pocket from Brad and Jennifer Sumrok are always his investments and quit on the go: From traveling around the his job. He was just 38 world, to teaching students nation- years old. What do you ally and having homes in two states. do when you don’t have We caught up with Brad one recent to work to survive any- afternoon as his wife prepared some more, especially starting healthy shakes in the background. at such a young age? The financially independent couple While you’ll find were getting ready to take off to Brad Sumrok’s popular Hong Kong and Thailand for a 24- Facebook profile rich day birthday getaway. in travel pics, work- The Sumroks have a second home out videos, and his in the sunny Gulf Coast of Florida, investment properties, but say they get away internationally Brad says that he at least two times each year. Re- really found his gift in cently that includes destinations like teaching others how Italy, Costa Rica, and Machu Picchu to master investing in in Peru. apartment buildings Though Brad says one of his most for passive income. memorable excursions was taking Although he had his dad on his dream vacation — a rarely spoken on 13-day cruise and land exploration stage prior to getting into real of Alaska, for his 80th birthday. estate he says “when you are led to On another occasion Brad took off something, when you are living in to live in Mexico for six weeks to your passion, and area of mastery, immerse himself in the culture and you are not really working.” Add- learn Spanish. ing that what he does now is simply “sharing life experience and transfer- THE KEYS ring that mastery,” to his students. TO FREEDOM APARTMENT For the Sumroks, financial freedom INVESTOR MASTERY came from investing in Multifamily real estate. Brad says that in 2003 Brad Sumrok currently hosts three he found a mentor who taught him weekend training events in Texas about real estate and financial inde- each year. These March, July, and pendence. In under three years, Brad November events attract hundreds PAGE 36 • 2017 Brad and Jennifer visit Thailand. of attendees from all over the United States, and beyond. Over 400 guests visited the March 2017 weekend, which combines live training and loading up in buses to get out and look at active multifamily property deals. As of early 2017, Mr. Sum- rok personally owned property in five states, and six different property markets. In the last year his students acquired 29 multifamily complexes, in 11 markets, totaling 2,885 units, worth $133M. >