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Results (10,000+)
Nathan Frost Buying a home at 70% the ARV or less.
15 January 2024 | 14 replies
Banks will expect to see some skin in the game from their borrowers.
Taylor Hughs Private Investors- too good to be true or the best path to take?
12 January 2024 | 11 replies
We are lending at 12-14% + points right now and will not go above 70% ltvCan it be cheaper yes, but realize it is very expensive $ and you have to have experience and skin in the game.
Mona Zemsky foreign diplomat as tenant, how to protect myself
14 June 2023 | 15 replies
I already require a security deposit so the tenant has some skin in the game.Any ideas for how landlords in this situation protect themselves?  
Justin Landry NEW to BP, looking for advise/mentorship
7 January 2024 | 8 replies
I do not invest in Vermont, so I have no skin-in-the-game per se, but I would point out, that what you're requesting will need two different types of loans. 
Michael Wolfe Relationship Lending, 100% financing, and direct lending. Do these deals happen?
4 December 2023 | 6 replies
"Skin in the game" is, as good lenders know well, critical in reducing risk to lenders.
Mike Zipf East Orange multi-families
8 September 2020 | 18 replies
Unless you are from there or have very thick skin for volatile tenants, I would proceed with extreme caution.
Josh Gosnell Looking For Remote Investing Advice
12 February 2020 | 7 replies
They have more skin in the game then you do.Make sure you get clear title.
Tychua G. Advice on Remote Investments - Any seasoned Investors?
15 February 2020 | 21 replies
Sometimes if you see that you have most skin in the game BUT are always getting paid last then challenge that status quo and change it.
Ayobami O. Formulate a cash for keys letter or forgiveness of rent letter
14 October 2020 | 2 replies
I've developed a much thicker skin over the years. 
Scott Trench Criteria for Hard Money Loan
12 January 2024 | 4 replies
“Good Thesis” for Single Hard Money Loan: Borrower: Experience with multiple flips in target marketBut… doesn’t have more than a handful of flips going on at any one timeFlip is next logical progression:Example: Flipper used to doing SFH in a given market for past several years is doing a slightly larger project, or scaling to do two simultaneously.Example: Flipper used to doing SFH in a given market is not progressing from small fix and flips to a $2M luxury quadplex ground-up development in one jump.Flipping is the borrower’s full-time jobOr, their single side project in an otherwise established careerFlipper does not have 10 other projects going onBorrower has established contractor networkBonus: Has established contractor skillset and licenseBonus: Has deep experience personally remodeling flipsBorrower personally guarantees loan:Has material assets and net worthIs not highly leveragedHas a cash flow positive lifestyleDeal: Close, clear comps support both acquisition and disposition priceProject timeline and rehab plan is detailed and specificBorrower is willing to loan disbursements staged upon completion of clear project milestonesBorrower has procured binding quotes from contractors regarding scope of flipLoan is no higher than 80% loan-to-cost, and 70-75% of Loan-to-ARVBorrower is putting some skin in the game:Borrower’s equity is not just them buying the property at a discountBorrower is committing at least 10% (preferably 20%) of project cost in cash from their own personal accumulationTimeline is as tight as possible:Cosmetic Flip is less than 3-5 monthsMajor Rehab is less than 1 yearScrape and Rebuild is less than 18 monthsLonger timelines = more conservative Debt to Equity