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23 December 2017 | 12 replies
Just venting, it's your dollars, no skin off my back.
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5 January 2018 | 8 replies
Sponsor essentially “buys out” investors.I have 6 years of property management experience, 2 years of putting deals together, managing contractors, maintenance personnel, financial analysis, good relationships with local investors.Example Deal (One that I've analyzed recently):Purchase Price: $14,200,000 Down Payment: $4,260,000 Closing @ 2%(Estimate from CRE): $284,000 Sponsor Acquisition Fee (1%): $142,000 Cash Outlay: $4,686,000Cap: 7.24% NOI: $1,028,080 Debt Service (2.6% Float/4.5% IO/4.5% P&I): $9,940,000 ($258,440 / $447,300 / $596,400)CoC (Float/IO/P&I): $769,640 / $580,780 / $431,680 CoC Return (Float/IO/P&I): 16.4% / 12.4% / 9.2% Preferred Returns of 6%: $281,160 Annual Bonus of 4%: $187,440 Splits (35/65) 11-16%: $98,406 / $182,754 ($281,160)Investors get a realized rate of 13.9%Potential upside in first 18 months is annual gross rental increase of $106,200 Feel free to eat me alive, I've got a pretty thick skin.
27 April 2018 | 3 replies
But reading up and researching seems that there are multiple ways to skin this cat...Are there any other methods that make sense in this situation?
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19 April 2018 | 23 replies
Not only are these points important in sydicating the equity, a lender is going to want skin in the game and a track record for a deal this size.
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10 January 2018 | 16 replies
If I was the bank, and I was trying to write a loan, this is what I see:1 - Purchase = $650k2 - Your skin in the game = 03 - The Loan I'm giving to you = 0 (See #2)
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9 January 2018 | 21 replies
Merck's rates arent the greatest and I have an appointment with a mortgage specialist at American Heritage.
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7 October 2017 | 11 replies
Anyway.....Robert Kiyosaki has a tax specialist take care of his taxes for him.
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20 September 2017 | 10 replies
Brrrr is almost always the way to go as long as rates are low.You can also look to partner with investors in seattle who are looking for someone willing to put some skin in the game and can also pm the property.
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1 June 2018 | 8 replies
Or is there not enough skin in the game?
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23 September 2017 | 28 replies
I need me to have skin in the game.