Willie Smith
Private money questions
7 September 2018 | 16 replies
I also require the borrower to put some skin in the game. (20-25%) of acquisition cost at least.
Allison Panila
Landlord changed the contract after signed
7 January 2022 | 47 replies
,Eh, no skin off my butt regardless of what you call it.
Travis Raila
Overview of various Atlanta neighborhoods?
12 December 2018 | 18 replies
As they say many ways to skin a cat.......... and as another poster mentioned time to buy was 2011/2012....
Travis Raila
Out of state investors - what market did you choose and why?
19 January 2021 | 116 replies
They have more skin in the game then you do.Make sure you get clear title.
David Medina
Passive investing through these platforms.....
29 September 2018 | 7 replies
Fundrise offers non-accredited investments, which generally mean they have much higher fees, and virtually no skin in the game versus other things that you can find in the accredited world.Before looking at platforms though, I would recommend that you take a step back and look at your portfolio.
Cristian Aviles-Morales
[Calc Review] Help me analyze this deal
9 September 2018 | 12 replies
So I'll throw it out there, and if they decline then no skin off my nose!
Ty McAllister
Seller-finance (are they wraparound mortgages?)
6 October 2018 | 4 replies
Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.
Jonathan Ahle
Just starting out in REI
16 September 2018 | 11 replies
They have more skin in the game then you do.Make sure you get clear title.
Brenna Wood
First Time Landlord Needs Advice
14 September 2018 | 35 replies
The previous LL have zero skin in the game and will often be more reliable.
Maurice Webb
Financing Multiple Properties at once?
14 September 2018 | 4 replies
Now if you use a private lender then it is whatever you can negotiate and get them to agree to.Banks and even hard money lenders want you to have "Skin in the Game" In other words they want you to have some of your own money at risk so if things go bad you are less likely to walk away.