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18 April 2018 | 2 replies
Most lenders cap out the amount allowed on a sellers second. for example if the lender is giving you 75% LTV on the purchase they may allow an additional 5% on a sellers second leaving you still stuck with the 20% Have to have some skin in the game
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20 April 2018 | 44 replies
Grow a thick skin, don’t feed the trolls, as we say in gaming ;-) , and push forward.
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27 April 2018 | 9 replies
I don't know of anyone that would take on a recourse (or even a non-recourse) loan with someone who has no skin in the game.
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13 May 2018 | 4 replies
You can talk to a private investor, but not sure I see a big enough profit in your deal to take it on.Start living like no one else does, get a second job or a better job, so you can save $20-30K and you can make this happen.I've had to pass on two deals 'cause I didn't have the cash to put 'my skin in the game' (just put $70k into buying a primary residence).
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16 May 2018 | 14 replies
They have more skin in the game then you do.Make sure you get clear title.
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14 May 2018 | 10 replies
It is typically much easier for you to buy "turnkey", however in my experince you will buy better quality from an owner who occupied the property than a hous that has been professionally flipped and the remodelling has been done skin deep.Cash and quick closing is not always an advantage.
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18 May 2018 | 2 replies
However, I would really like it if a lender could use my brokerage account as my “skin-in-the-game”, vs putting 10-30% down on the deal in cash.
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23 May 2018 | 7 replies
Then you will have some skin in the game to purchase your next rental property etc!!
22 May 2018 | 5 replies
I know there's a million ways to skin a cat and it comes down to personal preference, but my CPA seems so adamant about not paying my house off that it has me second guessing doing so.
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11 November 2018 | 15 replies
And also they want u to have more skin in the game since it’s not your personal residence.