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30 July 2024 | 4 replies
I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end
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27 July 2024 | 1 reply
I’m looking to start BRRRRing once I develop my portfolio and get some skin in the game.
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28 July 2024 | 7 replies
I'm looking to get some skin in the game.
29 July 2024 | 40 replies
s thin skin defensiveness prevented from noticing the core to all this; The issues come from getting personal or personalizing.
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26 July 2024 | 2 replies
He was over-leveraged, the rules changed, and he went from a multi-millionaire to bankrupt in a matter of months.Wise investors work hard, save up, and put skin in the game.
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26 July 2024 | 14 replies
So it may be costing you more than just putting some skin in the game and recouping it back on the refinance or sale.
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25 July 2024 | 6 replies
Where each party has some skin in the game holds everyone accountable.
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25 July 2024 | 14 replies
That being said, there are a lot of ways to skin a cat.
26 July 2024 | 49 replies
I stick to sponsors who have at least one full real estate cycle of experience with little to no money loss...ever, conservative leverage, high skin in the game, reasonable compensation ( so they aren't incentivized to push the risk envelope) etc.