APARTMENT INVESTOR MASTERY NEWSLETTER
JANUARY 2024
2024 Apartment Investing Forecast
Weekend 2 Wealth: How to Buy, Analyze, Fund, Manage and PROFIT from Apartment Buildings
We hosted a 2-day weekend event back in November where our attendees honed in on underwriting using real life case studies! Our Sumrok Coaches and Brad helped guide the attendees through accurate underwriting. We received such incredible feedback that we are excited to announce we’ll be hosting another Weekend 2 Wealth event in February! This event is perfect if you’re new to apartment investing and want to gain a better understanding, if you’re experienced and want to sharpen your skills, or if you’re a passive investor and want to get a good grasp on how the numbers work. Details here: https://bradsumrok.com/weekend2wealth/
Student Only Virtual Training
Six times a year the Sumrok Students gather either in person or virtually to learn about industry updates, deep dive into underwriting, expand knowledge on asset management and everything else that goes into apartment investing. We just gathered virtually on Saturday, January 20th! Our students heard from James Eng, National Director of Old Capital, for updates on multifamily loans and forecasting. Sumrok Coaches provided valuable insight to what their projects looked like the last 12 months and what they’re looking forward to for the next 12. Our students were also clued in on deals for sale by various Multifamily Brokers.
Millionaire Multifamily Mastermind trip in Utah
Our Millionaire Multifamily Mastermind is a group of individuals who want to GROW their apartment investing business, deepen their understanding of the 6M Framework and NETWORK with other likeminded members at exclusive trips that are sure to leave lasting memories. Our MMM group attended their first event of the season in the Bahamas and are currently in Utah taking on a 6 day mastermind only event that allows them to connect on a new level and grow their business while also prioritizing their health and fitness. Perfect start to the New Year!
Want Brad on your Podcast?
Brad’s 2024 speaking requests are almost booked up and he has a few slots left. If you have a podcast, YouTube Channel or upcoming event and would like Brad to be a guest speaker, please fill out the form linked below!
SUMROK STUDENT SUCCESS STORY
FEATURE MARKET
Why is Las Vegas market on our list of top multifamily markets to invest in?
- Strong occupancy rate currently at 93.2%
- Strong rent growth at $1,492 effective rent
- Price Per Unit at $153,562
- Fantastic Median Household Income at $78,593
Source: Berkadia 2024 Forecast
SERVICE PROVIDER SPOTLIGHT
EnergyServ Solutions has 15 years of combined experience negotiating, building relationships, and navigating the energy market. During a review of your bill or electricity agreement EnergyServ Solutions can identify potential savings through tax exemptions (where applicable), product type, rate, and term. 60% to 75% of businesses use energy consultants. With the position of Energy Manager absent in most companies engaging an Energy Consultant allows your business to retain a professional without having them on your payroll. Some of their client’s consider them to be their ‘Outsourced Energy Desk’. As a licensed energy aggregator, EnergyServ Solutions can advise business owners how to take advantage of energy aggregation which bundles multiple locations together to achieve lower energy costs.