Jake Marmulstein is the founder of Groundbreaker, a revolutionary software for real estate investors. Jake's interest in real estate investment began with a job at a REIT where he underwrote distressed hotels and found himself doing a lot of tedious data entry work. This led him to create Groundbreaker, which streamlines the real estate investment process by allowing investors to share deals on a web format, download necessary information, and sign documents and fund investments with just a click of a button. Groundbreaker has revolutionized the real estate industry, making it faster, more efficient, and less time-consuming.
On this episode of REI Mastermind Network, we speak with Jake Marmulstein, the founder of Groundbreaker, who shares his personal story of pushing outside his comfort zone and taking risks in tech and entrepreneurship. He explains how his experience in real estate domain expertise led him to identify a problem, and how he built Groundbreaker software to streamline and automate the administrative tasks involved in real estate investment. Our guest discusses the importance of finding the right type of investors, while also emphasizing the significance of being SEC compliant in fundraising. He also explains how the software creates a central place for investors, making it easier and much more efficient. Lastly, we look into why some sponsors leave out information about the projected versus actual returns of deals and how investors can educate themselves further about return structures.
Connect with Jake Marmulstein! https://www.groundbreaker.co/
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack