They have more skin in the game then you do.Make sure you get clear title.

As a person with little to no credit history, what would it look like to have a close family member sign for a loan, that for all intensive purposes, would be my property.I am 23, and just started a good paying job, finally have some money down to get some skin in the game and I really want to start as soon as possible, but I know my credit won't be up to par for at least a year.I'm just wondering if anybody here has ever done something like this and what were the steps needed to set this plan into action and maybe just some advice on the situation.Thanks big time much love

We all know there are real warts under the skin that tourists don't see but you get the point.

Someone who knows their market well can hit the sweet spot and get high occupancy while maintaining a healthy rate.

The problem we have is that we have basically no leverage whatsoever unless you have credit & work history.Like I said I'm not an expert but what I can say is that after reading, listening, and calculating is that the more skin you have in the game (capital, leverage, relationships, credit, knowledge, etc.) the better.

Putting no limit on the bank's appraisal of your property, what are the financial measures you look for so that you can still keep a healthy investment?

One, I'm I exposing myself too much while he has little to no skin in the game?

There are many ways to skin this cat...just have to know the effects of each and make an informed decision.Thanks for the help!

This avoids the entire fishing around for a trustworthy agent that probably doesn't care in the first place (after all, if you're a thousand miles away, there's nothing to stop them from saying the property is in a great area).The localized partner can also ward off issues with a property management company - they can drive by the property easily to make sure everything is in working order and provide easy access to the PM, whereas, you'll be a thousand miles away and unable to control things - you'd be reliant on other folks that don't have skin in the game.

I am wondering if I should partner with a contractor so they have some skin in the game.