CreateNotesOnRE's profile picture. Real estate exchangor.

Philip Klinck

@CreateNotesOnRE

Real estate exchangor.

In a down market, real estate: So you own some free and clear property and you're worried about downside risk. Your property is fairly liquid at the moment. It's a house or a triple net that can easily sell for cash. But you're worried about cap rates going up, prices going…


Portable mortgages: Everyone can have a portable mortgage if they want. You just have to have friends that you can do business with. Let's say I own a $450,000 house and I owe $300,000 to a bank. The bank's rate is 5.5% at 2000/mo and there's only 254 months left to pay.…


We give out tariff dividends also. Do you own a house, land, or commercial property? We will buy an option from you that has no payments and pays off only when the property sells or you refinance and get rid of us. #retwit #realestate #Tariffs #tariffdividend


A guy has cancer. He has some personal loans he needs to pay off. He owns a free and clear $700,000 property. He agrees to take $30k for it in order pay his debts off and he will live in a tent under the bridge nearby. All you have to do is say yes and you can make that deal.…


Everyone that posts some crazy extreme data that supports their position and then says "let that sink in..." 100% of the time has fake or misleading data.


How to make money/equity with no money or equity in real estate: Find somebody that actually has free and clear property or lots of equity to trade. Make offers for them based on what they want to do. Get some equity for making good deals for them. Keep making offers when…


Trading super liquid houses for land: Why would you trade a house that is easy to sell, you can live in or rent, depreciate, goes up in value, easy to leverage, for a piece of land? Exchange defers the tax. Land can be split increasing the value. Can be built on further…


Can you refinance your property with somebody else's second position equity? Let's say somebody's got a bunch of houses that are 65% leveraged. You have a house that's also 65% leveraged. You offer the person with a bunch of little crappy houses to buy them with a note…


Anyone have something between 450k and 600k they want to seller finance?


Who needs to borrow $600,000 on your real estate? Collateral needs good income or value over $800k. Let me know what you have. #realestate #retwit


Want to borrow a bunch of money really cheap? Own free and clear or almost free and clear real estate? I can get you $1.5m in real estate that can be converted into cash for you to use however you want. #retwit #realestate


$1.5m building. Will trade for a $1.5m 6% interest only note or notes secured by property we like. Note can be created. Under contract on part of it paying $3000/mo for 12 months with a final payment of $550k at that time. Another portion is at $4000/mo for 5 years with a 10%…


Who has a bunch of cash and a $3-8m free and clear or close property they want to get rid of. Cash and real estate you don't want into good a better position. #retwit #RealEstate


Who has some real estate for sale? Guaranteed 5 offers for it! #retwit #realestate @REExchangor @CaseyMericle @NathanDWebb @sschelp


There's almost never too much or not enough housing. It's almost always too much or not enough ability for people to afford housing. #retwit #RealEstate


Real estate problems: Spoke with a guy yesterday that has 145 doors all are around 65% leveraged. The only reason they cash flow is he owns a management company. So they make the management fee they would otherwise. But, he messed up. He bought 190 additional units almost…


Need to sell some real estate you don't want? Buy something with it. Have some land worth $100k? No income plus yearly taxes. Someone has a $300k property with $200k debt and they want to borrow $50k in second position for another project. Offer instead to buy their…


Philip Klinck repostou

Remember, the swamp loves the threat of a shutdown. By withholding funding for things Americans want, they can get funding for things nobody wants. We should be passing separate funding bills, not one giant funding bill. Reposting this relevant thread from three years ago:

🧵First we have to abandon the absurd notion that we should pass only one bill to fund everything (often called an omnibus). Our rules call for passing 12 separate bills. Fund roads, military, NASA, national parks, etc with separate bills! Do not let Biden take them hostage.



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