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10 March 2020 | 17 replies
They have more skin in the game then you do.Make sure you get clear title.
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4 December 2017 | 7 replies
I had saved up for my first couple of properties that were paid cash for (under $30k pigs) but it gave me an upper hand later as i could use them as a collateral to obtain a line of credit from a local bank. actually i was quite amazed how easy it was once i showed them i had some skin in the game and experience as a investor. in your situation, once you buy your triplex, you'll start getting equity with each mortgage payment as well as experience as a landlord of the other two units and a real estate investor. on a side note, as much as many say that it is possible to make money in RE without much money, i disagree (sorry Brandon T), you will need money for the down payment, whatever small it is, the closing costs, and repairs (there are always repairs, always). dont get discouraged, keep learning (the podcasts are amazing, start from show 1!!!)
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6 August 2022 | 19 replies
You can also have a locked off space for your cleaner to access so that they can replace soaps, shampoos, extra linens, etc.Disclaimer: I am 3-4 weeks out from finishing my rehab so I do have skin in the game but no official experience yet.
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3 October 2023 | 13 replies
Some money partners want more because the RE partner has no skin in the game, but if you trust your JV partner, giving them a "fair" share will ensure you're getting quality management.
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12 May 2022 | 1 reply
They had "skin" in the game.
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26 July 2017 | 19 replies
And you can have the Borrower pay you interest during the Project, as their "Skin in the Game."
24 July 2018 | 17 replies
With his current work I doubt he’d jump in unless he has some skin in the game.
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24 July 2018 | 3 replies
Hoping to refinance to payback inital investors, who will gain the interest & points during this process.They make money while being secured by the lien, our “skin in the game” is the renovation costs & labor, and we gain a permanent residence that we can replace rent costs with comparable mortgage, while renting out the other apartment & 2 parking spots.
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25 October 2018 | 63 replies
The trade off many times is less skin in the game for the sponsor, which naturally frees up capital for other projects.
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7 October 2023 | 1 reply
MY QUESTION IS: What are some of the creative ways you've seen buyers show good faith/put skin in the game/help the seller reduce risk?