#66: Blake Allen - Building wealth with Real Estate Exchanges
In this conversation, Blake Allen shares his background in real estate and molecular biology. He discusses the application of scientific principles to real estate and the role of money in the industry. Blake explains the concept of 1031 exchanges and introduces the idea of using seller financing in these exchanges. He emphasizes the importance of relationships and trust in the exchange process and highlights the collaborative environment of exchange groups. In this conversation, Blake Allen discusses the future of real estate and the changing landscape of the industry. He emphasizes the impact of monetary policy, particularly interest rates, on the real estate market. Allen encourages individuals to buy and hold real estate, highlighting the long-term benefits of investing. He also shares his favorite hacks and recommendations, including the use of an infrared sauna. Allen recommends the book 'The Man Who Killed the Deer' by Frank Waters and advises his younger self to buy more real estate. He discusses overcoming limited beliefs and the brilliance and creativity found in the exchange world. Allen emphasizes the importance of exchange groups in the real estate industry.
Takeaways
Real estate can be a creative and scientific field, with principles from molecular biology and genetics applicable to problem-solving and communication.
Money is a means of maximizing the flow of capital, and real estate transactions aim to maximize benefits for both parties involved.
1031 exchanges allow for the tax-deferred exchange of real property held for investment, and seller financing can be used as a form of exchange.
Building relationships and trust is crucial in the exchange process, and exchange groups provide a collaborative environment for brokers to work together. The real estate industry is evolving, and it is important to adapt to changes in the market.
Monetary policy, particularly interest rates, has a significant impact on the real estate market.
Buying and holding real estate can lead to long-term financial success.
Embracing technology can be beneficial, but it is important to find a balance and not rely solely on high-tech solutions.
Exchange groups provide valuable networking opportunities and access to exclusive deals in the real estate industry.
Wayfinder 4:
- Hack - Infrared Sauna
- Favorite - The Man Who Killed the Deer by Frank Waters
- Advice for younger self - Buy more real estate
- Limiting belief- You’re the smartest person around
Check out Blake’s YouTube Channel:1031 Paper
Check out Blake’s website: 1031paper.com
If you are interested in Blake’s upcoming education reach out to him here: asher@1031paper.com
Host Information:
Luis' Email: lhernandez@pioneergrouprealty.com
Todd's Email: toddconcienne@gmail.com
We want to give a huge shout out to our friend, Jast Collum at 756 Productions, for creating our intro and outro music. This guy is a beast.
Please support this podcast by checking out our show sponsors:
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