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15 August 2015 | 6 replies
I do NOT recommend long distance Unless you find an exceptional partner/manager/someone with integrity or who has skin in the game.
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30 July 2015 | 22 replies
I would absolutely love to speak to any locals (Baltimore to Richmond) who have more skin in the game than myself.
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13 August 2015 | 21 replies
San Diego is expensive with the average sold price for houses around $400k and from looking at some hard money lender websites some of them have mentioned that they want to see that I have "skin-in-the-game" and have a down payment requirement.
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29 June 2015 | 7 replies
WEll when you live in one of the most desirable places in the world with incredible weather and job opps of the high paying type.. that's what happens :) no matter what the price lenders in this environment will want whats called skin in the game , the days of 100% loans based on ARV are long gone.. ( unless your a very established repeat client Like my guys I do this routinely for my clients but they have been with me more than a decade and in many cases we are well over 200 transactions together)So starting out as you are ... a HML will want at least in all the deals in the SF BA I have been presented with ,, they want 20% and sometimes will want you to also fund the rehab out of pocket.So take a 1 mil purchase and 400k rehab ( pretty common numbers) and an ARV of 2 million ( again pretty common numbers..
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25 April 2015 | 5 replies
Possession prior to closing can be dangerous, really depends on who that buyer is, skin in the game, their ability to close, their motivation as well.
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8 December 2014 | 5 replies
I would love to do a hard money loan, but all hard money lenders want you to have some skin in the game.
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13 November 2012 | 1 reply
Our skin in the game will be the ownership of the building whose purchase price is $225k.
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27 December 2012 | 12 replies
If it came down to emotions over numbers my daughter would be my designer and all my hones would be pretty pink with sparkles....
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14 March 2013 | 10 replies
That's what people need - a sense of belongingness (via Maslow's hierarchy of needs).I would encourage you to 1) have thick skin 2) do easy things and build goodwill + momentum, and 3) use the DVP change formula at all time (check out: http://www.biggerpockets.com/blogs/2997/blog_posts/24776-how-using-the-dvp-change-formula-can-help )
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2 January 2017 | 4 replies
I like learning about syndicating on bigger deals, as well, but I'm thinking maybe I should get some skin in the game first.I've been looking at deals in my area and in my state and I keep coming back to a deal that's just a few miles from me (decent area) that I found on craigslist.I noticed the listing disappeared quickly.