26 September 2015 | 3 replies
My goal is to fund my first deal with no skin in the game!
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29 January 2016 | 3 replies
I am not sure anyone will give you a bridge loan without and skin in the game or track record.
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2 March 2016 | 6 replies
Therefore, it will be wholesaled, as will the next few until I have the skin on the next home run.Cheers all.
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10 July 2015 | 11 replies
Here's my thoughts (I'm guessing several won't provide sufficient funds):Use crowd funding sites like lendingclub or prosper to get a personal loan (up to $35k I think) to help w/down paymentTake out a HELOC on one or more of your own propertiesIs the contractor putting any skin in?
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3 January 2015 | 6 replies
Honestly that was stressful enough and I had no skin in the game or financial burden.
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25 June 2013 | 6 replies
Proof of Funds (if any I Highly recommend this and I would say 99% its a requirement investors/banks want to see that you are willing to put "Skin in the game")6.
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3 May 2013 | 5 replies
Assuming so, as Dion pointed out, a bank isn't going to be the only one getting skinned, the second will need to make concessions, probably out of spite by the bank, and it depends too on the second.
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25 June 2012 | 8 replies
SPEC office building, with the only skin we had in the game being the engineering that the seller had actually paid for, and our selling commissions, I found a lender to do the deal (funded the purchase the land and construction loan).
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23 January 2024 | 118 replies
And frankly if you buy wholesale deals you should do your own due diligence before hand and if you decide to back out on them you should lose your skin in the game.
20 August 2019 | 8 replies
The lender is just trying to lower their risk by getting you to have more skin in the game.