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.
15 September 2019 | 18 replies
I live in Denver Colorado, I have been studying and reading RE books for 9.5 months, any pointers on best ways to get skin in the game.
11 October 2024 | 30 replies
But they can't come to part with it and don't really trust handing it off to some PM to run it for STR that doesn't have "skin in the game".
7 July 2016 | 3 replies
I'm asking because I wouldn't want to bring down payment money to the table in bad faith if a lender is truly expecting that all funds that I bring to not be committed or due anybody.I've read that lenders don't want the borrower to be over-leveraged and have skin in the game, I get that.
2 January 2019 | 112 replies
@Rick Pozos I agree with you, there is many ways to skin the real estate cat no doubt!!
1 December 2021 | 10 replies
The only way I ever worked a deal without me going into pocket was with me providing the construction side....labor, management, advice, consultation, permits, plans, inspections, everything.....I don't see how you get anyone to front you 100% without you having some skin in the game........
8 October 2016 | 3 replies
Even if buying under FMV with instant equity, a conventional lender wants to see skin in the game - a down payment.If the seller could loan you money collateralized by a different property and you owner-occ/house hack it, it would be possible.