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18 May 2024 | 9 replies
However, you will need skin in the game at least 60%,of the ARV.
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18 May 2024 | 5 replies
Hi Bryan,It's very rare that you would be able to put down 0% on these deals as lenders like to see that you have some skin in the game (worth giving a try though).
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18 May 2024 | 13 replies
In other words...people that don't have enough skin in the game to even cover the deposit.
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18 May 2024 | 14 replies
Lenders will always want to see you use some of your own money so that you have "skin in the game", so to speak.
17 May 2024 | 9 replies
If the lender is requiring you to put 30% down on a flip, its likely because the deal itself doesn't look great and they would want you to put more 'skin in the game'.
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17 May 2024 | 8 replies
One thing I would advise is that by having skin in the game, you always risk things turning sour.
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16 May 2024 | 14 replies
Quote from @Yocheved Beer: Hi all,I have found a house in Lehigh acres Florida for a purchase price e .75 of of the appraised value and it is for sure a 1 dscr. can I immediately buy this for 0 Dollars downHi Yocheved:One of the cardinal rules in real estate is that you have to have some skin in the game.
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15 May 2024 | 14 replies
You have no skin in the game and you are offering the private lender 30% or 70% of the profits?
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16 May 2024 | 19 replies
As you continue with this journey, you will need to build up some skin to not let it bother you.
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16 May 2024 | 13 replies
You need to have "Skin" in the game meaning your money or "Family" money.You can receive "gift funds" from a "Family" member if money was given to a family member and then given to you as a gift from family it would work.Keep in mind even if the seller gives you money the bank/lender will see the deposit into your account since they ask for (2) months of bank statements.