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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!
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22 November 2016 | 7 replies
This time home owners have skin in the game.
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20 November 2016 | 0 replies
Not really sure how to do it.So for example, I bring in 5k for skin in the game with an agreement that I will manage all properties for a fee and handle repairs and maintenance for x amount of equity a year toward the properties.
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30 March 2018 | 22 replies
I thought as long as entities had proportionate skin in the game, it was ok.My SDira presently owns 100% of a property that I purchased a number of years ago.
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18 February 2018 | 8 replies
If someone is short on experience, they need to have more of their own money (skin in the game) into the deal, and a very solid deal.
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9 April 2018 | 2 replies
I suspect they make a good amount of their revenue on flipping dreamers who risk the 3k.but if you think about it from Do hard monies point of view for sure they are going to be ultra conservative I don't blame them and they are only going to fund screaming deals where the borrower has Zero skin in the game other than the 3k and 600 fee and there are most likely other little fee's like title and escrow.. but show me a beginner who can land screaming deals.. sure some will stumble on them. but in my 40 years of lending HM most beginners have no clue as to what a deal is.and therefore this company is killing it making 3600 on turn downs.. pretty sweet if you can get away with it.
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10 April 2018 | 4 replies
Our plan is to eventually relocate there and build a contemporary off-grid cabin where I will run my studio.There is additional acreage nearby that we can purchase.
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30 January 2018 | 5 replies
Your cash on cash return is 3%.Look, I think the name of the game for the BRRRR crowd (and more experienced people should stop be dead in my tracks if I'm wrong) should be as follows:As little skin in the game as possible (e.g. none of your money or a small down payment)Buying for cash flow - to reinvest into the rehab part of BRRRR or into the next propertyBuying undervalued properties to provide value (make your money when you buy the deal)When the stock market provides 10-15% in a year, and you're making 3%, did you put $160,000 into the right investment?
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12 May 2015 | 14 replies
Originally posted by @Teage Staunton:Most of the traditional bank, credit union and portfolio lender you talk to will require you put down 20-25%, some even 30-40% down, as your skin in the game.
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3 June 2015 | 4 replies
At the end of the day you won't have skin in the game.