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All Forum Posts by: Jacob Blackett

Jacob Blackett has started 2 posts and replied 120 times.

Post: Hello!

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Hello & welcome! @Lee Kirkland

I have a lot of experience with single family rental properties... I would love to share some knowledge with you so please reach out anytime! Happy investing, Jake 

Post: Hello, I'm Lynda from California

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Lynda, welcome to BP! I actually focus on buy & hold properties... it might be very valuable if we connect, I have a TON of insight I can share with you. Talk soon! Jake 

Post: New member from Pittsburgh, PA!

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

@Lindsay Macioce - Welcome to the site & congratulations on taking steps towards investing in real estate. I love buy & hold investments... reach out anytime! Jake 

Post: Hey BP! New investor from Anaheim looking to build connections.

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

@Warren Doller - Welcome to the site! It's an incredible tool... I studied finance as well, at the University of Nevada-- I actually moved to the midwest after I graduated to pursue real estate full time... because $20k is a joke on the west coast when it comes to getting things going in RE... but that $20k has come a longgggg way since then. Let's connect- Good luck & happy investing. Jake  

Post: Nubian from Lebanon, Oregon

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Welcome John! I focus on buy & hold investing... reach out anytime & I'd love to see how I can help. Sounds like your on the right track with getting knowledgeable, time to take some action! Happy investing! 

Post: Dream Big, BP Community!

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Hey guys & gals,

I wanted to throw an intro out there- I actually became a member of BP about 3 years ago... but it wasn't until this week that I decided to see what value I could bring to the community by becoming more active on the site.

My company takes a unique approach to real estate crowdfunding. After selling hundreds of investment properties to investors all over the world, we decided to adopt a new approach, wherein we simply sell ownership in properties we own- instead of selling the properties outright. This allows investors to become our partner, and it also eliminates the middleman- giving MORE people access to real estate investments as we reduce barriers to entry. Invest in a portfolio of rental properties with as little as $5,000. 

Please connect with me, ask questions, & let's see how we can help each other. 

Thanks & happy investing! 

Post: New Member from Milwaukee area

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Go get'em @Shane Cook! I love buy & holds... & I'm always happy to give some advice to help a new investor out. Good luck, happy learning & earning- Jake 

Post: Buying Ownership in 10 Rental Properties, with Only $5,000

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Hi Benjamin, thank your for jumping in! 

You're right, it won't get you much of a position. However, you'll earn the same return as someone who invests $300k... say the total investment opportunity is $400,000. A person with a $5,000 investment (investor A) would therefore own 1.25%. A person with a $300,000 investment (investor B) would own 75%. If the 10 properties earn $44,000 during the year, then investor A would receive $550, an 11% return. Investor be would receive $33,000, an 11% return... 

Works much like a mutual fund- only without the roller-coaster ups & downs. 

Jake 

Post: Buying Ownership in 10 Rental Properties, with Only $5,000

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98

Real estate crowdfunding, anyone? I'm sure we've all seen our fair share of headlines... real estate crowdfunding is disrupting the real estate market. Putting some of the complexities aside, it allows us to do amazing things- like allow anyone to buy ownership in 10 rental properties with an investment of only $5,000... 


Questions on how this works? Returns an investor might look to make on his/her money? Risks? Pros & Cons? Let's get some discussion going on this... I'd love to provide some insight, and maybe learn some things from the community here!

Your friend at Holdfolio,
Jake

Post: 401k owns LLC that invests in real estate?

Jacob BlackettPosted
  • Specialist
  • Columbus, OH
  • Posts 176
  • Votes 98
Simply don't file a tax return for the LLC- it's owned by the tax exempt SD401k so you don't file. You're the manager of LLC. Same process as an IRA LLC or "check book IRA".