Crowdfunding & Technology Adoption in Real-Estate | Jacob Blackett & Zain Jaffer

Zain and Jacob continue by discussing the relationship between real estate and technology. They agree that online real estate deals are mostly struck by young people. However, Jacob notes that the older, middle-aged generation is gradually adapting to technology as well.  

The conversation takes a turn to the importance of real estate start-ups having a target clientele. Both Zain and Jacob agree that it is important for a new real estate franchise to have a specific objective. 

When Zain asks Jacob how much individuals should invest in real estate in comparison to the mainstream financial market (stocks, bonds, etc.), he says “a third or a quarter” of their funds. He also emphasizes that the percentage should be higher as real estate always appreciates.

The conversation ends with Jacob talking about how instrumental software engineering has been to his company. He further explains how he has enabled his colleagues to employ technology in the growth of their businesses too. 

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Jacob is the founder of several businesses including:
- SyndicationPro — a platform to scale real estate syndications.
- Holdfolio — a real estate crowdfunding portal.
- Six10 Management — property management and construction.

Jacob closed on his first multifamily acquisition deal in March of 2017, syndicating a 46-unit project to 34 different investors. 

Jacob Blackett began his real estate career in 2010, starting with fix and flips to buying and holding single-family homes to multifamily syndications.  Since then, Jacob founded Holdfolio in 2014 and SyndicationPro in 2018.  Today, he manages over 1,200 multifamily units and has placed over $40M into income-producing real estate.

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Website: https://zainjaffer.com/
Current Ventures: https://zain-ventures.com/
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Creating the World's First Co-Living Start-Up:
https://youtu.be/K2MQNZnfvOA

Innovative Housing that can change the world!
https://youtu.be/K92fRT04Qjo

Building an Online E-Commerce Furniture Empire:
https://youtu.be/WhznBbYMhhg

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About Zain Jaffer:

Zain Jaffer is an accomplished executive, investor, and entrepreneur. He started his first company at the age of 14 and later moved to the US as an immigrant to found Vungle, after securing $25M from tech giants including Google & AOL in 2011. Vungle recently sold for $780m.  

His achievements have garnered international recognition and acclaim; he is the recipient of prestigious awards such as “Forbes 30 Under 30”, “Inc. Magazine’s 35 Under 35” and the “SF Business Times Tech & Innovation Award”. He is regularly featured in major business & tech publications such as The Wall Street Journal, VentureBeat, and TechCrunch.