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Results (10,000+)
Sam Chicquen First Time Buying In Atlanta, GA!
11 August 2023 | 2 replies
Are any of you well-acquainted with these dynamic markets?
Kyle Soudalan How much does eviction law vary across cities/counties/states?
10 August 2023 | 24 replies
This is far cheaper for our Owner than going to court and fighting to get them out, especially with local laws.By just sending out some multipage document for a digital signature, and providing access for showings via lockbox or someone with no skin in the game, the plain fact is NO ONE is reading the documents, much less getting any idea what is/is not important to you or how various issues would be addressed.
Shawn Prushinski Blue collar Career change
15 August 2023 | 4 replies
Make sure to research and comply with any legal requirements.Continuous Learning: Real estate is a dynamic field, and staying updated on industry trends, construction techniques, and design innovations will enhance your appeal to investors.Before making the leap, I recommend doing further research and seeking advice from professionals who have experience in both real estate investing and contracting.
G. Brian Davis What’s your favorite real estate crowdfunding platform for investing?
19 July 2023 | 4 replies
I want to see my sponsor have full real estate cycle experience with little to no money lost, significant skin the game, conservative leverage and terms, no investments in non-realestate or non-investment grade debt and market competitive fees and splits.
Ron Tehrani BRRRR - How to finance the initial purchase with no money down?
3 July 2023 | 4 replies
Thank you,Ron Generally you may still find financing for 100% of cost from hard money lenders, but tread very carefully because anyone offering that is going to be shaky or you will be faced with extreme fees and interest and risk - much much better to have some "skin in the game" and less risk especially when starting out.The main point of BRRRR is not really to use "other people's money" rather its to save the down payment and then recycle that cash as you repeat - i.e. you can cash-out 100% of your costs on the refinance purchase and then have the same money to do it again, but having a "free" rental property after the BRRRRR process
Jamie K. How to get over analysis paralysis on the first deal!!
5 October 2020 | 137 replies
I figured it's a small price to pay ($320) relative to the overall skin in the game so figured I'd give it a shot for a year and see if it was worth renewing.
Dylan Thomas Seller Financed 2nd Positions for 100% Financing
30 May 2023 | 13 replies
@Dylan ThomasBanks care because of the investor has no money in the deal then they are more inclined to walk away (see residential 80-20 loans 2006-2008)While yes banks “may get paid” or get property back, banks are not in the business to own property and they actually suck really bad at it and due to fractional lending it can cause stress on their balance sheet as they have to mark to market the loan vs hold to maturity.Banks want skin in the game.
Kris Kraatz Advantages of Builder Financing Credit in New Construction for SFR In North Texas
11 August 2023 | 4 replies
The dynamics in the DFW (Dallas-Fort Worth) market further support this approach.
Shane Elias-Calles Fixed Rate Home Equity Loans
6 August 2023 | 5 replies
Right now, pricing out, say a 25% down on SFR investment properties DSCR are giving me somewhere in the high 7's to high 8's. theoretically, borrowing the money directly on the property you intend to buy COULD be a lower rate of interest. but you'd have to shell up some cash to put down, so there's your trade-off. there's no one size fits all, but i suppose it might make sense to pay a little more in interest in order to forego the skin-in-the game.... but i would encourage you to also review the risk of collateralizing your primary residence for the purpose of buying an investment property.
Jeremiah Dunakin Showing process, do you show property first or have credit/employment ran
31 May 2023 | 22 replies
Applicants need to put some skin in the game and respect your time, because after all you're investing your time, gas, etc to show the property and screen tenants.Note: I have RentRedi, but their system was annoying to list so I used Zillow's app.