Welcome back to the Multifamily Artists Podcast! Today, we are bringing back Loren Jacobs! Loren is a proud father of two and a loving husband. After graduating with a Master’s degree in neuromuscular physiology, he worked in stem cell research for 4 years before transitioning to real estate investing full time. Loren is Real Estate Operations Leader at Arrows Capital Group, a real estate investment company aimed at serving residents, communities, and investors. He is also a 5th generation real estate professional with experience operating single-family, commercial retail, small business, new development, and multifamily syndications. He currently has an equitable interest in 403 multifamily units. He and his wife have also started and acquired multiple small businesses. His passions include spending time with his family, raising his children, giving back through local charities and humanitarian work as well as any type of sport-related activity outdoors.

In this Action Items episode, Loren will talk about how you can get into your first general partnership. He will give you some tips and advice on getting partnership deals, from defining goals to getting educated. Loren will also walk you through the things you have to know before you try to raise money. Join us and listen in!

[00:01 – 11:42] How to Get Into Your First General Partnership

• Define your goals
• Understand your why
• Get educated
• Read some books
• Listen to podcasts
• Networking
• Decide on what specific area you’d like to add value on
• Acquisitions
• Raising capital for syndications
• Net worth and liquidity
• Refine your value proposition
• Communicate with your network about your value proposition
• Loren on joining masterminds

[11:43 – 20:03] What You Have to Know Before You Try to Raise Money

• Understand syndications
• Know the difference between an accredited and non-accredited investor
• Set up a CRM
• Tailor your offering based on their wants and needs
• Get familiar with underwriting

[20:04 – 21:54] Closing Segment

• How you can connect with Loren
• Closing words

Tweetable Quotes:

“Reinforce your goals with negative repercussions because those are going to help motivate you to achieve those goals. You need to understand the why and the potential positive outcomes, you also need to understand the what-ifs.” - Loren Jacobs

“A great way to get a foot in the door is to join a mastermind. Get in their network. You need to pinch pennies and save up a little bit of money to get in there. I think it's well worth it. Highly recommended. You don't have to do it, but it will absolutely help speed and fast-track your journey.” - Loren Jacobs

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Socials and Links

Connect with Loren via email, Facebook, and Instagram!

Arrows Capital Group: https://arrowscapitalgroup.com/

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