- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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SKIN IN THE GAME
If you were just starting out, and didn't have enough money for a down payment, how would you get a deal going?
I know many of you are cash buyers in lower priced markets. However; if you do finance your deals, how much skin in the game do your lenders require? Where do you get that from?
These questions are asked everyday by new investors, usually under the heading of private money, or starting out. I thought maybe some of you have some creative ways you've done it, and ended up with 100% financing, do you want to share?
As builders we have years of experience and deals behind us, and have often put deals together that are 100% financing. However; LTV's are much lower on new construction, plus all the things we bring to the table in the way of skills, etc., and the fact we've completed every deal we've started helps.
For new investors do you have any ideas to get them going?
