31 October 2015 | 5 replies
Usually this type of loan would be made on the properties where the purchase plus repair cost does not exceeds 80% of ARV.Almost always, lenders want you to have a skin in the game”.Matt, in your case, you are buying the property at 75% of ARV but hopefully that will be somewhat offset by the fact that you are going to have $300,000 with low interest.
13 June 2018 | 5 replies
This is not a 100% option, you will put skin in the game but you'll put less.
4 May 2015 | 19 replies
That way all the skin in the game is mine.
24 August 2016 | 6 replies
Your best bet is to locate some good deals and break down all the numbers in a clean concise manner to show lenders that you have a good handle on what its going to take to make $$.Start saving money so you will be able to make a significant down payment, lenders will be more likely to give you a loan if you have some skin in the game.
22 March 2016 | 8 replies
Lots of good books to check out on financial metrics.]Some of my favorites:1) http://www.amazon.com/Investing-Duplexes-Triplexes...2) http://www.amazon.com/gp/product/0071603271/ref=pd...I'm sure there are other books too.I spent 10+ years in commercial and residential lending, and can tell you, there are many ways to skin a cat.
14 February 2016 | 12 replies
Any and all advice is welcomed, I'm thicker skinned.
10 February 2016 | 2 replies
Any and all advice is welcomed, I'm thicker skinned.
8 June 2015 | 16 replies
That can help convey confidence in a deal when someone knows you have a lot of skin in the game.
15 July 2013 | 9 replies
It just does not work that way.We also have sellers that do what we call in the business "skin jobs".
15 July 2013 | 16 replies
As Bill described there are several ways to skin the cat.