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1 August 2014 | 6 replies
Consider working hard to find partners who can 1. look at deals with you 2. help fund them ...I have found the best relationships I have with private money lenders are when I come to the table with both a solid deal under control, and the ability to have some "skin in the game" ...
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26 January 2015 | 5 replies
No skin off their back either way right?
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26 November 2014 | 2 replies
Most want skin in the game.
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1 May 2013 | 6 replies
As well, they are putting their own skin in the game by putting in 20% of the equity for each deal.The investment would look like this on a hypothetical project of $1,000,000Investment:Mtg (70% LTV): $ 700,000Managing Partners: $ 60,000 (20% of the Equity Needed)Equity Partners: $ 240,000 (Balance of Equity Needed)Ownership:Managing Partners: 85%Equity Partners: 15%In addition, the Equity Partners would be paid a preferred 8%.Based on their projections (and lets assume they are right), the Equity Partners would end up with ~20% ROI / Y + 15% of net proceeds on exit.So ‘work’ free 20%/Y + longer-term capital gains; what’s wrong with that??
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2 December 2015 | 7 replies
You will need to find out what buying criteria these buyers have, so that you can be profitable.5) Develope a tough skin, because we all face some no's and yes's.
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28 February 2016 | 12 replies
You aren't going to be able to find someone in preforeclosure a new house with your realtor license, they cant get the loan.You better have a thick skin if you are going to call preforeclosures and say "I hear you are in foreclosure, can I buy your house for less than its worth?"
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15 July 2013 | 7 replies
There are many ways to skin a cat (no offense to cats) so it is all good.
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5 August 2011 | 13 replies
So it ends up being a total waste of time.There has to be "skin in the game" on your behalf.
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15 September 2011 | 11 replies
If so, perhaps the seller would be willing to put some skin in the game in exchange for a waiver.
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4 October 2011 | 14 replies
I really can't think of a way that you could purchase this property w/o some skin in the game.