From a late-night infomercial to a 1,040-unit empire worth $188 million: Here’s how Jacob Blackett perfected his real-estate-investing strategy after losing $70,000 on his first deals

From a late-night infomercial to a 1,040-unit empire worth $188 million: Here’s how Jacob Blackett perfected his real-estate-investing strategy after losing $70,000 on his first deals

Real-estate investing strategy for multifamily units: Jacob Blackett

Jacob Blackett “” the CEO of Holdfolio and founder of SyndicationPro “” decided he'd give real-estate investing a shot after seeing a fix-and-flip seminar advertised on a late-night infomercial.After losing approximately $70,000 on his first deals, Blackett switched strategies. As he gained experience, he switched strategies yet again to alleviate the large tax bills he was incurring at the time.Today, Blackett sports a portfolio worth approximately $188.4 million with 1,040 units.Click here to sign up for our weekly newsletter Investing Insider.Click here for more BI Prime stories.

Jacob Blackett “” the CEO of Holdfolio and founder of SyndicationPro “” got his start in real-estate investing on a whim.

"Late one night, I saw an infomercial about flipping homes," he said in an exclusive interview with Business Insider. "The infomercial grabbed my eye. They were doing like a one-night, free seminar Friday night “” and so I went to that."

Unfortunately, the seminar that Blackett attended was heavy on the sales pitch and light on the real-estate investing advice. Still, he decided to see the seminar through and pony up almost $1,000 more to occupy a spot for the rest of the weekend. As a freshman