The Dealpen
I'm your host, Avi Rasowsky, and I’m excited to introduce you to this podcast!
This is your backstage pass to hear untold stories from crafty real estate investors. As a former bullpen pitcher, turned real estate investor, I’ll be sharing some of the similarities between sitting in the bullpen, waiting for that high-pressure moment to come into a baseball game, to now, waiting for my chance to dive into complex real estate deals.
But more importantly, we’ll be learning from a wide range of experienced, knowledgeable, and relentless real estate investors who don’t know the meaning of giving up when a deal gets to be challenging.
In The Dealpen, we'll explore some of the most difficult barriers to getting deals done, and how to overcome them with creative methods. We’ll be diving into foreclosures in the bottom of the ninth inning, messy title situations, complex probate issues, financing, and everything in between.
But here's the pitch: real estate and baseball? They're more alike than you think. Both require strategy, teamwork, and learning from others' experiences.
Just like in the bullpen, where teammates might share notes on how to face specific batters in crucial game situations, here in The Dealpen, we'll share insights from investors who are flipping houses, renting out properties, creating owner finance notes, and much more. We’ll also chat with private lenders, attorneys, and other professionals who will help you navigate the wonderful world of off market deals. Because in real estate, something always goes wrong. But with insights from our guests, we'll learn how to tackle those curveballs together.
So, grab those headphones and join me in The Dealpen, and let’s build wealth, one deal at a time!
The Dealpen
Maximizing Your Equity By Using Simultaneous Exchanges with Philip Klinck from Upstate Land Trust
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