20 July 2017 | 46 replies
There are many folks out there that have the same qualities as you but are saying "if only I had no debt and 50k in my pocket, man I could really do something" One of the biggest challenges for a person in your position is that they sound great, they know their stuff, they are probably trustworthy, they find a money partner that is interested , guess what happens next that would seal the deal "how much skin in the game are you putting in this deal?
15 February 2016 | 9 replies
They called it "having some skin in the game".
1 November 2024 | 19 replies
I know there are some people out there who do this and put an assignment in place to be recorded if the loan defaults.As with so many things in REI, there are multiple ways to skin the cat, and it has a lot to do with your level of risk and your partial investor's level of risk.I do teach a 4 hour live class on this.
1 November 2024 | 7 replies
Many ways to skin a cat.
10 December 2015 | 20 replies
Sort of a "skin in the game" incentive.
11 October 2024 | 17 replies
Skin in the game.
11 October 2024 | 7 replies
***You'd want to make it worthwhile to foreclose and also be safe***If someone is an A Paper borrower just needing to close fast, some of my investors will go 75 LTV.You can also always feel more comfortable on a purchase rather than a refi, as people are bringing skin into the game, not trying to exit.
31 March 2016 | 4 replies
Have some skin in the game.
20 March 2017 | 5 replies
That gives them the feel that you know what you are talking about and are experienced in the field, the close will take place a lot quicker than traditional financing, and that you have cash on hand to have skin in the game.
15 October 2024 | 1 reply
At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.