Mende Cukalevski
First Rental Property Purchase
15 January 2020 | 5 replies
I feel like I have more skin in the game to make the repair correctly than the seller does while he offloads the property.
Malik R.
Advertising, screening and applications - What works best?
20 January 2020 | 5 replies
Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.
Bernard B.
Investing While Abroad
18 September 2020 | 9 replies
They have more skin in the game then you do.Make sure you get clear title.
Tabby Gawalis
Floors last for a live in flip?
16 January 2020 | 1 reply
Of course there are several ways to skin a cat but that is typical.
Roemello Lee
Where to start buying property in America
9 February 2020 | 6 replies
They have more skin in the game then you do.Make sure you get clear title.
Autumn Clark
Commercial Real Estate Refinance
17 January 2020 | 1 reply
At the end of 2019, I closed on two retail spaces in a small mountain skin town ( one houses my boutique - the other is a rental space).
Payal H.
Newbie Investor looking for Advice
18 January 2020 | 5 replies
They have more skin in the game then you do.Make sure you get clear title.
David Beckley
The BRRRR Strategy 2.0???
18 January 2020 | 7 replies
Most banks won’t lend unless you have some skin in the game.
Brian F.
Best course of action
22 January 2020 | 1 reply
My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper.
Joseph Nelson
People that have experience with with lending funds.
30 January 2020 | 3 replies
The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.