., you may have to bring in investors, partners, or HML, but now you have substantial backing of your own to show that you have skin in the game.

They have more skin in the game then you do.Make sure you get clear title.

Do they have similar “skin in the game?”

They have more skin in the game then you do.Make sure you get clear title.

They have more skin in the game then you do.Make sure you get clear title.

Excuse me for sounding rude Steve McRory - I was asking cause I see these offerings from mortgage brokers but it also seems, on the surface, to be too good to be true.

I am in no way advocating that people need or should sell their rentals its a personal decision on my part. at one time I wanted to own 5,000 doors and had things gone a little different I might have actually got there.Now other opportunities have surfaced over the last 5 to 6 years that are more fun for me.Also my kids Grand kids have no real interest in landlording.. and I have invested in path of progress dirt in some stratic areas that will more than take care of their future schooling and other needs and if one comes in .. they will actually probably be set for life with no work on their part.. just sell to a big developer and call it a day.. those kind of deals have about ZERO interest to most on BP who are cash flow driven or think or want ONLY cash flow.. so no need to even go down that road.I do believe and have seen over the years that 75 to 80% LTV if you have to liquidate is really no equity at all.. given sales costs buyer credits home inspections that require work up dating and recapture..

HML and private money requires some skin in the game, you need a sizeable down payment if you’re inexperienced. 

Do you need to do a deal together where you both have skin in the game? 

I've done surface level analysis on properties in quite a few different regions, including Chicago suburbs, southwestern Michigan, and Colorado Springs.