Aug 14, 2020
Today’s guest is Jacob Blackett. Originally from Reno, Nevada, Jacob began his real estate career in 2010 as a sophomore at the University of Nevada, Reno, when he bought and sold his first two residential “fix and flip” properties in Southern California. Since he made the move to the Midwest in 2012, Jacob has placed over $40 million into income-producing real estate.
In June of 2018, he founded SyndicationPro with Ameet Mehta on the basis of providing better technology solutions for fellow syndicators. Outside of business, Jacob enjoys staying active, volunteering as a Big Brother, and education as a hobby.
Things you will learn in this episode:
[00:01 – 05:17] Opening Segment
- I talked briefly about valuable information that you can take advantage of in this episode
- I introduce the guest, Jacob Blackett
- Jacob talks about how he got into the real estate industry
- The concept of not having someone who dictates your time
[05:18 – 14:06] How to Find Deals
- Jacob shares how he was finding deals when he was starting in real estate
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- Set up “We Buy Houses” signs
- Direct mail campaigns
- Auctions
- Transition to multifamily real estate
- Focused on direct to owner deals
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- Jacob shares the advantages of doing direct to owner deals
- How he reaches out to owners or find deals in the market
[14:07 – 27:06] How to Syndicate Real Estate Deals Like a Pro
- Jacob talks about his syndication process
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- How they came up with a syndicator’s platform
- Switching to an online platform solution for syndicators
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- How do you transition online to make it effective without losing some of that personal touch?
- Jacob shares some tips and his strategies to attract investors
- If you can’t get your family and friends to believe in you, it’s going to be a challenge to get strangers to trust you
[27:07 – 36:26] Syndication Pro
- Jacob walks us through how you can get started with their platform, SyndicationPro
- How reservations work with SyndicationPro
- Visit their website now and test out their software demo! See below for the link.
- Real estate CRM
- Can I integrate SyndicationPro with my website?
- Where can people connect with you online? See below for social links.
Tweetable Quotes:
“People that know they can trust you already are gonna be a lot more apt to wanna invest than going to a stranger. They don’t know who you are, right? So if you can’t get your mom or your dad or your grandmother to invest in your deals because they don’t believe in you, it may be challenging to find a stranger to trust you.” – Shane Melanson
“All of this started with the right deal. So if you’re in that scenario where you just don’t have any investors, then you need to go find the group that’s doing deals; they have the investors. Say, ‘let’s do the deal together,’ and use that to compound your track record.” - Jacob Blackett
Resources Mentioned:
You can connect with Jacob on LinkedIn. To learn more about SyndicationPro, visit their website https://syndicationpro.com/ and grab a free 14-day trial of their software.
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