You Do Not Need to Graduate from Houses Before Buying Apartments
Sumrok rejects the assumed progression from a single-family home to duplexes, fourplexes, and only later apartment syndication. He argues that a committed, educated beginner can start with a larger deal, while stressing that this is not a get-rich-quick promise and still involves work, risk, time, and energy.
- He did not begin with houses; his first real-estate acquisition was a 32-unit apartment building
- He says the step-by-step graduation through smaller property types is not mandatory
- Relevant education and experienced people can enable a larger starting point
- He explicitly rejects get-rich-quick expectations
“somehow graduate to 16 units and then maybe someday I could do a 60 unit syndication and you know what that's not true”
“if you want to get rich quick like don't come and see me”