• Maximizing Your Equity By Using Simultaneous Exchanges with Philip Klinck from Upstate Land Trust

  • Sep 24 2024
  • Length: 1 hr and 10 mins
  • Podcast

Maximizing Your Equity By Using Simultaneous Exchanges with Philip Klinck from Upstate Land Trust

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  • Summary

  • In episode 15 of The Dealpen, Avi Rasowsky interviews Philip Klinck, from Upstate Land Trust, as he shares his unique approach to real estate investing. He also explains how he facilitates direct asset exchanges without the need for cash, allowing for greater flexibility and potential profit.


    Tune in for an enlightening conversation that challenges conventional investing approaches and uncovers the untold stories behind crafty real estate investing.

    TIMESTAMPS

    [00:01:12] Simultaneous property exchanging method.

    [00:06:35] Cash vs. 1031 exchange benefits.

    [00:09:41] Trading up in real estate.

    [00:12:15] Mobile homes as income source.

    [00:15:46] Creative financing strategies discussed.

    [00:19:54] Local real estate exchange meetings.

    [00:24:36] Trading properties with notes.

    [00:29:17] Option to buy commercial property.

    [00:30:31] Creative financing strategies explained.

    [00:45:04] Cashflow and investment strategies.

    [00:48:12] Liquid assets and land trading.

    [00:51:12] Mobile home investment strategies.

    [00:55:55] Seller financing expectations management.

    [00:59:07] Creative financing strategies.

    [01:03:01] Real economy growth and inflation.

    [01:06:38] Investment strategies in a weak economy.

    [01:09:15] Terminology in real estate deals.


    QUOTES

    • "Cash is at the top because it's the easiest to trade, but there's the least amount of it out there. There's tons of land that's free and clear. I mean, tons of it. And it's just sitting there and the equity is not doing anything except for holding that person's wealth together." - Philip Klinck
    • "When you're working with a bank, you just owe that money. They're not ever going to call you unless you don't. You got to pay it and pay it and pay it until you don't pay it anymore." - Philip Klinck
    • "Don't ever feel shy about asking because there's a lot of terms that if you get it wrong, you're not actually in a safe position." - Avi Rasowsky



    SOCIAL MEDIA LINKS


    Avi Rasowsky

    Instagram: https://www.instagram.com/avirasowsky/

    Facebook: https://www.facebook.com/avi.rasowsky

    LinkedIn: https://www.linkedin.com/in/avi-rasowsky-b600a18/


    Philip Klinck

    Facebook: https://www.facebook.com/klinckphilip/

    Email: philip@upstatelandtrust.com
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