Ming Lim
Structuring a Deal to include my contractor?
16 October 2016 | 3 replies
I want to bring my contractors in to the investments with me, so they have some skin in the game too.Does anyone have experience in structuring deals which include their contractors?
Judson Heartsill
Flipping biz funding model
20 October 2016 | 4 replies
We are bringing some skin into the game as for this flip we did not meet a 70% Ltv.
Matt Gragg
Costs and timelines, state by state
20 October 2016 | 9 replies
(No structural changes)Repair rear deck and front porch to usable condition and paint apr. 250 sq ft total (remove & replace 4, 2x6x8 deck boards)Floor repair where needed near back door (attach 3 2x10x8 floor joist to existing floor joist to reinforce soft floor) install new subfloor in area of repair.Drywall repair for bathroom, closet, laundry and master bedroom areas where needed (up to 200 sq ft with knockdown texture)Skim coat areas of house with dated wood grain style texture and re-texture where needed (approximately 1200 sq ft) Install bathroom vanity, sink, hardware etc. (36" vanity)Install kitchen cabinets (8 base, 6 wall)Install appliances (dishwasher, microhood combo, electric range, fridge)Install new plugs and switches entire house (14 switches, 4 GFCI, 36 grounded tamper proof plug ins)Install all light fixtures interior and exterior (15 total)Install counter top for kitchen (white quartz slab / granite or tile 32 sq ft "never formica for our flips")Paint interior walls and ceiling one color and trim one colorInstall interior doors (pre-hung 6 panel @ 10 doors)Install interior trim base, window and door trim (approximately 1200 L/F)Install windows where broken @ 2 (24x24 bathroom window, 36x60 bedroom window)Install all flooring, carpet (500 sq ft) laminate (1,000 sq ft) sheet vinyl (100 sq ft).
Steve S.
Syndication and escrow
24 May 2017 | 7 replies
If this is common, it seems to leave investors more susceptible to fraud, as the LLC managers could conceivably pull the funds out of the LLC and abscond with the money without ever having purchased the property...There are many ways to skin a cat... utilizing escrow is common and safer although it really boils down to whatever the parties agree to.
Darrick Ervin
Hard Money Lending For Down Payment
17 October 2016 | 2 replies
Initially you will have to have some skin in the game.
Angelo Goodwin
How much is their money really worth???
17 October 2016 | 9 replies
You will more than likely need skin in the game but many private lenders are happy to receive 6%-7%.
Veronica Helms
Flipper's and lender's advice wanted!!
17 October 2016 | 11 replies
Does the borrower have skin in the game?
Benjamin Van Buren
What to do if I lack vision?
18 October 2016 | 7 replies
You can always hire an architect or interior designer to provide you with some "color / material pallets" that can be reused for different projects.
Lindsay McLaughlin
Question on Note Structure
22 October 2016 | 4 replies
I'm sure it is not sitting right with you because there is no "skin in the game" for the buyer, which makes them more of a lease-optioner than a buyer with you holding all the risk of non-performance on his part.
Kevin Wood
Houston HOA Issue?
17 October 2016 | 7 replies
Including-Grass not fully mowed (rational and we agree)-Bike outside the house (seems nitpicky)-Dark color on the bricks (not even noticeable in the picture and ridiculous)-An AC unit visible on the side of the house which has been there at least 6 yearsAll of these are at least within view the part the REALLY bothers me is the following.