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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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23 December 2013 | 3 replies
With a full structure rehab you are talking a lot of time and possible code and permit issues versus a skin job.
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27 January 2014 | 7 replies
You'll still need skin in the game, other assets may be pledged to cover part or even all of the deal, other underwriting aspects still applicable.
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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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20 May 2016 | 10 replies
This way he has skin in the game and an incentive to close the deal, because otherwise he will loose his EM.I look at it this way: if you get the deal then good for you, if get burnt you will learn a huge lessen on a small deal that will benefit you for the rest of your life.
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13 June 2017 | 7 replies
Since the rehab guy doesn't have skin in the game and already took the cash out split, they can just walk away, leaving the money guy to pay for that extra $18000 that was given to rehab guy.
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20 June 2017 | 27 replies
Because of the current lack of inventory, you're going to be competing with dozens of savvy agents marketing for listings, as well as the wholesalers who've been around for years with a lot more experience and skin in the game.
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22 February 2017 | 4 replies
I will tell you just from my experience any hard money and banks i have talked to told me I will have to have some kind of skin in the game.
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28 February 2017 | 4 replies
@David Dye Thank you for the positive advice.These are great points about paying for the lack of equity or skin in the game on points!