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12 June 2013 | 8 replies
I prefer meat and potatoes over sloppy soup.In this biz, you also have to have a tad of thick skin, taking offense so easily on this board will slow your roll.
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19 January 2023 | 6 replies
I'm looking to get skin in the game asap while I wait on getting pre-approved.
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10 September 2018 | 8 replies
In general, lenders want to see-Skin in the game-Ability to repay the loanTips:Be able to provide as much detail about the deal as you can (budget, property history, rent roll, future performance, etc)Be able to highlight your strengths as a borrower even if you don't have a lot of experienceAlthough Davian, I would advise against taking a loan from anyone who doesn't check your credit.
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3 January 2019 | 226 replies
They are generally a waste of a lot of my time, effort, and reputation, but the investor has nothing to lose because they don't have any skin in the game and only an LLC name on the contract.
29 September 2018 | 3 replies
You can find lenders on Scotsman Guide and Private Lender Link:https://www.scotsmanguide.com/Residential/LenderSe...https://privatelenderlink.com/Most lenders usually lend up to 75% LTV on 1st TD... some will go up to 80%, 85% even up to 90%.For the remaining 10% to 25%, Lenders expect you to bring that yourself as your own equity / "skin in the game."
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30 August 2019 | 65 replies
Its funny that i just spoke to someone at do hard money and he said the $3000, $650.00 of that goes to the evaluation of the deal, sending someone out to look at it and the remainder is skin in the game which is refunded after the deal is successfully done.I don't understand how the representatives of DHM who responded above failed to mention that.
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29 June 2019 | 93 replies
Maybe it’s a little less sparkly but most of the sparkle comes from multidirectional lighting like they have in jewelry cases.
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22 January 2019 | 11 replies
If you are aggressive, you may not care about any of this, and it may be considered a plus to you.In my opinion, another of their big weaknesses is that they have virtually no skin in the game.
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28 October 2018 | 33 replies
Once you have skin in the game you will learn super fast.
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13 October 2022 | 45 replies
If you are a newbie, a private lender like myself wants to see some "skin in the game," even if it's your grandma's money or a partner's money.