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16 January 2020 | 1 reply
Of course there are several ways to skin a cat but that is typical.
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9 February 2020 | 6 replies
They have more skin in the game then you do.Make sure you get clear title.
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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).
18 January 2020 | 5 replies
They have more skin in the game then you do.Make sure you get clear title.
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18 January 2020 | 7 replies
Most banks won’t lend unless you have some skin in the game.
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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.
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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.
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22 January 2020 | 2 replies
They want someone to have "skin in the game" in order to give them the money to buy a property that they are not planning to live in.
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23 January 2020 | 4 replies
But there could still be a way to skin that cat.600 sq ft out of 4000 is 15%.
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4 February 2020 | 17 replies
The first 2 with one you do not have your property under contract yet and the other the property is under contract but your buyer can still back out of the deal and doesn't have a bunch of non-refundable money they could lose (skin in the game).