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Results (10,000+)
Dave Ivery Why do so many people fail to get started?
22 June 2024 | 21 replies
Don’t try to help anyone unless they approach you and out skin in the game.  
Collin Hays Smokies "hiney showing" thread
22 June 2024 | 129 replies
However, I don't have any skin in the game for mountain vacation rentals.
John Campbell Steps to Turn Primary into Rental
21 June 2024 | 10 replies
Reason for keeping it is to keep skin in the game in case we want to relocate back to our hometown (wife likes the security).
Jim K. For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
Not all of us have paper thin skin.
Barry Chien $204 million JV with Seattle Developer
17 June 2024 | 0 replies
$15m in EB-5, large skin-in-the-game from the local Seattle developer who put in 25% in equity through the land contribution, 75%/25% JV, blue-chip architect & well mapped out condo project.
Alan Asriants Thinking of Selling? - AVOID SUBJECT TO
18 June 2024 | 5 replies
The Buyer has no skin in the gameIf someone is approaching you to buy your house without a mortgage or conventional financing and are tying you into a long-term contract they better have some sort of collateral that they're putting up.
Golan Corshidi Is investing based on appreciation a recipe for disaster?
25 June 2024 | 125 replies
Good luck "By the way I believe you can succeed in both markets (high cash flow/low appreciation & low cash flow/high appreciation) but best odds are if you are intimate with the market."100% agreed and there are many ways to skin a cat (Sorry to the animal activists) hahaHaving the intimate market knowledge as you mention and an end goal will keep an investor on the path forward.Time is a beautiful teacher and will eventually reveal what strategy was best.Much success
Nicholas A. Tips on how to do a successful BRRR
19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do. 
James Daley Need help seeking BRRRR lender for my deal.
17 June 2024 | 6 replies
@James Daley  You'll need some 'skin in the game' on a deal like this. 
Joni Martin Anyone Invest in Limitless Turnkey?
15 June 2024 | 7 replies
If you get a no on any of these questions, you are probably not dealing with a true turn key... and they will not have enough skin in the game to do a good job for you.