Yasmin Mohamed
Can I use a loan to pay for down payment for a FHA Mortgage
5 November 2017 | 7 replies
Essentially your “skin in the game” so it cannot be a loan from a bank, friend, family member, etc.
Maxwell Lee
How to create a partnership the right way?
6 November 2017 | 2 replies
(we will both put even amount of down payment -skin in the game) Can we both apply for the loan or is it better to have one person finance?
John Hagen
How can we get around high move in cost?
16 November 2017 | 11 replies
(yet) But if I were in your position, I would be sceptical of renting to anyone that doesn’t have a bit of skin in the game.
Daniel H Truex
LTV = No money down?
16 November 2017 | 6 replies
If you did this and either held it for a year (I️ believe that is the standard, but I️ would confirm with the banking institutions you want to go with), you could then refinance, pay off your land contract and pull cash out if appraisal came back higher.Your original thought process is correct in that a bank wants the 20% (I’ve seen closer to 25-30% on commercial loans until you build relationship) to protect themselves from fluctuations in value, but they also want skin in the game.Good luck,Roger
Scott Choppin
Submit your development deal for review and analyses
3 July 2018 | 31 replies
I'm sure I would have to put some skin in the game and would be able to have a couple hundred thousand available if needed.
Steven Gough
No Money Down Deal - Can I struckture this deal this way?
18 November 2017 | 3 replies
They will require you have some skin in the game.If you're thinking, OK, me and the seller will sort it out after closing, don't do it.
Kyle Mitchell
You have $40k, what do you do?
23 November 2017 | 9 replies
there are many ways to skin a cat.....one thing you could do is flip some residential properties until you have 160k.
John Thedford
Student Paid $5400 For "Wholesaling" Class...Is Violating The Law
23 November 2017 | 17 replies
Once I've got all of that cleaned up, I'll be able to see what I can scrape together for skin in the game and look for a brrrr buy and hold.
Gerardo E. Saldana
How do you pull your money out of a good deal after purchase?
13 December 2017 | 2 replies
Whether I purchase it cash or with conventional financing, the banks only want to lend/refinance up to a specific LTV (usually 70-75%) on the purchase price EVEN if I buy the property at a significant discount (e.g. 50% of its current market value).In the past I've always struggled with this same issue, and thus eventually I end up tying all my capital in properties and I'm unable to purchase more (even hard money lenders want you to put some skin in the game).
Kyle Dutson
Newbie with a private loan question
23 November 2017 | 3 replies
They want to ensure you have serious skin in the game, which will help them sleep comfortably, knowing you most likely wont walk away.Maybe to get started, you might consider becoming a wholesaler.