Philip Klinck retweeted
New GEMS website:
gemsrei.com/meetings
Philip Klinck retweeted
Who would pay and to come to Greenville for 3 days to attend this class?
I am looking at 1st week in February.
Philip Klinck retweeted
I had a client today look at using a hybrid 1031 (reverse and forward together) off of a TIC option just so he can buy what he needs today and spider web into a couple properties tax deferred, all just to corner a specific off-market property and tenant.
This is how you 1031.
Philip Klinck retweeted
Why not keep the LEFTOVERS for putting a deal together?
Play Cupid.
Find out what one seller wants.
Find another seller who can give it.
Two PSAs and Assignments.
Get in the middle and give both what they need.
Enjoy the chili beans...they taste better the next day anyway.
Philip Klinck retweeted
exchangor.ai
Enter you listing.
Get a match.
Close a transaction.
Free for now, so hurry every chance you get.
Philip Klinck retweeted
We have the products investors require to grow their portfolio of homes.
One of these is our NO RATIO loan.
Are you sitting on a busted DSCR? Message me.
Philip Klinck retweeted
The next G.E.M.S. (Greenville Equity Marketing Sessions) meeting is just around the corner!
📅 When: Thursday, July 2nd, from 9:00 AM - 12:00 PM
📍 Where: 3795 E. North Street, Suite 17, Greenville, SC
Why you should be there:
-Network with dynamic brokers and investors active in the Greenville market.
-Strategically deploy your 1031 exchange funds.
-Collaborate on private placement opportunities.
-Showcase & market your exclusive listings or off-market inventory.
Everyone leaves with a deal to work on!
Philip Klinck retweeted
Lead Generation Method:
Take @SethWoods15 to eat barbecue and talk real estate deals…with a voice like mine that carries.
Got 2 in one lunch.
One of them even handed me a hand written “love letter”…description of his RE situation.
Philip Klinck retweeted
We have 44 "flip" deals in our pipeline.
No banks involved. Need more money.
Who has something for sale...since we need more more money?
Philip Klinck retweeted
1031 basics I find myself repeating:
No, you can't just reinvest your net proceeds or your capital gain into the replacement property.
You must also replace any debt relinquished, but it doesn't have to be with more debt, it can be with cash, because it's actual a VALUE equation and equity + debt = value.
Also, trying to leverage to the max during your 1031 timeline is possible, but gets complicated.
Oh, you want some cash out from the sale too? You mind paying those taxes?
Why not just close your 1031 and refinance the property after close? You get cash out tax free and your maximum leverage.
This doesn't have to be complicated.
Philip Klinck retweeted
The X AI bots have become so good at identifying what should go in the “For You” tab that half of the good posters left because @Elon thinks that AI is better at picking content than someone clicking the follow button
Now we have slop AI ragebait & videos with close captioning instead of breaking news & educational content
Great job paying the users!
The algo was 20X better before paying the users
You’re incentivizing slop
Philip Klinck retweeted
GEMS is Thursday Morning!
Who will be there?
Lenders with Cash
Borrowers that need Cash
1031’s seeking replacement property
Sellers with property to park 1031s
GP’s Raising Money
LP’s Placing Money
Brokers with listing to sell
Buyers with real estate to spend
Problems presented
Brainstorming with “power of room” to find solutions
One common goal:
Create as many transactions that will provide more benefits for both sides as possible
greenvilleequitymarketingses…
Philip Klinck retweeted
10yrs Ago.....
Seller wanted some Cash and Income.
I wanted to activate my equity and go up to more benefits.
So, I offered Cash and 5 free and clear rental houses.
Cash provided Seller..Cash,..... and houses provided Income.
I went up to more amortization, appreciation, and cash flow.
Free and Clear your Equity and Spend it Up!
Philip Klinck retweeted
An EXCHANGOR isn’t just “a broker/investor who knows 1031s.” They’re a deal engineer whose main tools are structure, timing, and tax.
Here’s what they actually do and what makes them specialized:
1. They start with benefits and constraints, not just price
A normal broker asks:
“What’s it worth?”
“What cap rate can we get?”
An exchangor asks:
-What’s your basis and expected tax hit if you sell?
-Do you need debt replacement or want to get out of bank debt?
-Do you want more income, less management, different geography, or better depreciation?
-How much cash can you take without blowing up your tax plan?
-What’s your risk and control tolerance?
They’re counseling first, brokering second. The “product” they’re optimizing is your after‑tax, after‑debt, post‑closing position, not just the sale price.
2. They solve deals that don’t work cleanly with cash and a loan
Most brokers live in this box:
-Seller gets cash
-Buyer gets property
-Bank fills the gap
An exchangor lives where that box breaks.
They use formulas instead of just price
Equity for equity
Installment sale / created paper
Seller carry structured to replace debt in a 1031
Partial interests, JV interests, or “neutral vehicles” to bridge gaps
Multi‑leg exchanges where
A doesn’t match B, but A + C + D closes the circle
3. They treat tax and debt as primary design constraints
A specialist exchangor is constantly thinking:
Tax deferral vs recognition
How much gain is realized vs recognized?
How do we preserve basis or move it where it’s most useful?
Can we turn a “sale” into an “exchange” by changing sequence or form?
Debt replacement without creating a trap in a 1031, you must replace debt or add cash to avoid taxable “boot.”
They’ll engineer non‑bank debt replacement: -Seller carry notes
-Wraps / assumptions
-Paper structured to meet IRS rules but avoid new institutional loans
-They’re watching DSCR, refinance risk, and future exit—so you don’t solve today’s tax problem by creating tomorrow’s financing problem.
This is where they’re very different from a typical broker who just says, “Talk to your CPA.”
4. They think in chains, not just single transactions
A regular broker thinks:
“Seller A sells to Buyer B.”
An exchangor thinks:
A’s property is perfect for C
C’s property solves B’s income need
B’s cash or paper solves A’s tax and debt problem
So they:
Break the deal into legs/couplets (A→B, B→C, C→A, etc.)
Use sequential deeding or “pot theory” closings so everyone ends up with what they want
Introduce third or fourth parties to circulate equity, not just swap deeds
Specialization here is pattern recognition:
“This looks like a 3‑leg with a debt‑replacement problem and a seller who wants income, not cash.”
Then they pull the right formulas instead of forcing a bilateral sale.
5. They manage sequence and psychology, not just paperwork
Most failed exchanges aren’t math problems; they’re human problems:
Price = ego
Fear of losing control
Obsession with “fairness” instead of outcome
Anchoring to old values
A real exchangor:
Aligns objectives before talking structure
Aligns structure before anchoring price
Preserves optionality early (options, contingencies, parking strategies)
Narrows choices late, when everyone is emotionally aligned
They know:
-When to keep price vague and talk benefits instead
-When to introduce complexity and when to use K.I.S.S.
-How to keep a “good on paper” deal from dying over one misunderstood term
6. Where their specialization actually shows up in your results
If you’re the investor, the difference tends to show up as:
More tax‑efficient outcomes
Same or better real estate
Less immediate tax
Basis and depreciation positioned where they help you most
Better alignment with your life and portfolio
-Out of management headaches into neutral or passive assets
-Out of risky leverage into safer income, without a giant tax bill
Deals that would have died, but close because they changed form (paper, timing, control), not just price
Because they found the missing leg or re‑sequenced the moves
Fewer “clever but fragile” structures
They’ve seen what fails: unfinanceable shared appreciation, bad seller carries, refinance traps
They aim for deals that will live and exit cleanly, not just close.
Philip Klinck retweeted
Made an offer last week to park a 1031:
They wanted a certain yield…I’m giving it to them.
They needed debt replacement…I’m providing it.
They want it safe…this is at a 30% discount.
They want it passive…I’m leasing back NNN.
What’s the one thing I’m asking👇👇??
Philip Klinck retweeted
Replying to @CreateNotesOnRE
In need of something similar. Property with approx 1.4mm, need about 850k to pay off private financing. Could sell lease back or possibly park 1031 with buy back options. Got something worth approx 900k?
Philip Klinck retweeted
Trade your headache for income.
Who’s got a $2m of Something?
Land, industrial, etc - anywhere - should need work.
@REExchangor & @CreateNotesOnRE will swap you a $1M note w/ 2 kickers ($400 & $600k) paying $5k / month.
Philip Klinck retweeted
Deal Flow Episode 4 is live:
Spotify: open.spotify.com/episode/1Hp…
Web: thedealflow.us/note
Substack: open.substack.com/pub/thedea…
@REExchangor @CreateNotesOnRE
#industrialrealestate #creativefinance #notes #dealflow #valueadd













