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6 July 2018 | 78 replies
After bringing in a thick skinned property manager, we've got all of the fully rehabbed units rented and are loving the cash flow.
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4 November 2019 | 20 replies
I also strongly suggest you bring some of your own money to the table so that you have some skin in the game.
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17 January 2013 | 74 replies
Better interest rate if you secure the loan with something but I like having as little skin in the game as possible.d) There are other options out there like refinancing your house, ect but personally I think options A - C are your best bet.
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2 January 2023 | 8 replies
@Braheem TolbertYou can get a loan for almost anything as long as you have enough skin in the game
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10 December 2022 | 5 replies
If you are, then make sure you let the lender know you have no skin in the game.
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22 December 2022 | 8 replies
I prefer flooring down first, that way you don't get those irritating height differences.
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6 April 2013 | 85 replies
I got a property, and I've got my skin in the game (well almost a few more days).
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27 March 2017 | 104 replies
This is the one reason why I utilize this because it's absolutely predictable that it will follow a Financial Mathematical Schedule of Principal and Interest Payments, as well as Balance reduction.Because the Amortized Mortgage is absolutely predictable, and I for one follow the RULE "If you can Predict it, you can Profit from it", I actually look to Maximize this within reason.So while I put down 20% for an Investment Property to maintain a level of skin in the game and reduction of risk by having an attractive interest rate, I generally take about mortgages around $1 Million or above.That is because the Mortgage, being paid by my renters, will follow a very predictable path, one which will make me a millions as each one gets reduced or paid off.In fact, if you receive ZERO cashflow but your Million dollar Mortgage disappears in 30 years, you have effectively made an average of $33,333 PER YEAR for 30 YEARS.And, if you consider that the Mortgage Interest is deductible, especially for a Rental Real Estate Business, you have earned even more than the Million dollar mortgage.For some reason, this kind of thinking is not taught ANYWHERE that I have seen.
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18 December 2022 | 4 replies
You are allowed to buy the tenant out either ‘cash 4 keys’ or pay them the city relocation fee which is pretty high and can be found here: https://housing.lacity.org/wp-...Whatever you do, don’t irritate the tenant because under the LA rules, you still cannot evict a tenant for non-payment of rent.You don’t want a situation where a tenant decides they no longer want to pay rent.Unfortunately, LA is a different beast and rent control in this area follows different guidelines.
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27 January 2022 | 20 replies
There is so many ways to skin a cat but you just need where you doing it.