MB 218: The Most Direct Route to Financial Freedom – With Jacob Blackett

<p>Those of us who enjoy success in the real estate business are typically introduced to a model, an investor operating at a scale we never considered, who gives us an idea for what’s possible and a vision for the future. And if we’re smart, we can learn from their mistakes and leverage their knowledge and experience as a springboard, affording us a more direct path to our own financial freedom.</p> <p>Jacob Blackett is the Founder and CEO of <a href= "https://holdfolio.com/" target="_blank" rel= "noopener">Holdfolio</a>, a platform that connects investors with high-yield investments in the real estate industry, and <a href= "https://syndicationpro.com/" target="_blank" rel= "noopener">Syndication Pro</a>, a software company that helps syndicators raise capital and manage investors online. Jacob got his start doing fix-and-flips as a 19-year-old sophomore in college, and today, he has placed over $50M into income-producing real estate, building a portfolio of 600+ units (as the lead sponsor) and a network of 3K registered investors.</p> <p>On this episode of Apartment Building Investing, Jacob joins me to explain how an infomercial inspired his interest in real estate and share his journey from fix-and-flips to wholesaling to SFH rentals to multifamily. He walks us through the steps he took to scale his real estate business, describing why it’s beneficial to have an in-house property management team and how the technology he built to raise capital online became Syndication Pro. Listen in to understand how Jacob overcame losing $40K on his first deal and learn how to avoid his mistakes by joint venturing with an experienced team early on!</p> <h3>Key Takeaways</h3> <p>What attracted Jacob to the real estate space</p> <ul> <li>Free fix-and-flip seminar (sophomore in college)</li> <li>Up to $80K for single flip vs. CPA starting salary</li> </ul> <p>Jacob’s experience with his first fix-and-flip</p> <ul> <li>Picked up deal on MLS with grandma’s capital</li> <li>Didn’t go as planned, ended up losing $40K</li> </ul> <p