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22 January 2020 | 2 replies
A close friend and mentor of mine preached the importance of finding a spouse that was supportive of my endeavors.Just how lucky am I?
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23 January 2020 | 10 replies
I enjoyed seeing all the support the BP group gives.
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28 January 2020 | 12 replies
I'm still learning how to work this calculator so it's extremely helpful to get support from you.
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22 January 2020 | 1 reply
My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper.
22 January 2020 | 4 replies
@Kyle DeutschmannThank you for the advice and support, I will definitely look into these avenues of information.
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10 March 2020 | 6 replies
Many thanks to all for the support!
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30 January 2020 | 3 replies
The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.
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22 January 2020 | 2 replies
Thanks for any support!!
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25 January 2020 | 7 replies
The Berkeley City Council is set to vote on an ordinance banning tenant background checks next month, and activists plan to propose similar measures in Emeryville and Alameda County.A bill that would have prohibited landlords across California from asking about tenants’ criminal records was pulled earlier this week before making it out of committee.Several Oakland council members spoke out in support of the Fair Chance Housing Ordinance on Tuesday.
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22 January 2020 | 2 replies
They want someone to have "skin in the game" in order to give them the money to buy a property that they are not planning to live in.