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.
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.Â
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.Â
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.Â
Diana Tran
For those who invest remotely and scaled their business, how do you do it?
17 June 2024 | 26 replies
That local partner can then become our eyes and ears who has skin in the game with us.Â
Zachary Luchs
What is the first step after finding a property where the calculations work?
13 June 2024 | 3 replies
No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.
Ryan Biankowski
I have $10,000 cash, how can I get started in flipping houses?
14 June 2024 | 25 replies
There is another easy route that requires thick skin, invest in warzone cause you will here many investors don't do it and because of that house in those area cost $10k or less.
T. Alan Ceshker
Wraps and due on sale clause
15 June 2024 | 87 replies
Buyer has no skin in the game.
Wai-Ming Lau
Multi-family building, existing tenants vs vacant?
12 June 2024 | 6 replies
I would suggest you make the request to have the tenants leave, AND, if it delays the transaction that's no skin off your back - just keep you lender/bank in the loop!
Garrett Brunell
Pregnant Applicant - Does she meet the income requirement?
12 June 2024 | 16 replies
In my demographic I have not had to worry about that as I rent out to people with skin in the game.