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19 April 2019 | 10 replies
Im trying to get my first flip going in the San Antonio Texas area I have some money saved up but my question is how hard is it for qualyfying for a hard money loan and has anyone used one as means of flipping there first property how much do they usually as for skin on the game for first time fix and flip ... also any good recomandations of some you might have worked with
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15 April 2019 | 12 replies
Until you build a track record with a private lender they will surely want you to have some skin in the game so there's that side of things you have to resolve with them.
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24 April 2019 | 15 replies
They’re almost certainly going to require a down payment as they want their borrowers to have some “skin in the game”.
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12 October 2020 | 15 replies
Just watched it💥 thick skin with no weak game🤯🥶‼️
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29 April 2019 | 16 replies
At some point, any investor will neet to have skin in the game.
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18 April 2019 | 7 replies
Use an HML and get creative with your friends/family on the skin in the game down payment that most HML require.
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25 April 2019 | 21 replies
On the other hand, if you are accredited, then there are many other choices with much more experience, much more skin in the game and/or much lower fees.
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25 April 2019 | 6 replies
Also, ensure that the flipper will still have skin in the game.
26 April 2019 | 10 replies
@Brad De VriesSome considerations:1) If you are planning to use a conventional lender, your parents would have to "gift" the down payment to you as you cannot borrow the down payment (it's your "skin-in-the-game").2) Capital Gains tax is a federal mechanism.