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26 September 2021 | 265 replies
Or sometimes it's that same scenario but I put "skin in the game" so I can get higher equity.
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29 February 2020 | 32 replies
They have more skin in the game then you do.Make sure you get clear title.
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5 April 2019 | 11 replies
Hard money may not require as much down, but you'll need some "skin in the game", and its pretty expensive.Is the property livable?
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18 June 2015 | 9 replies
Buying an renting is a great way to build wealth and get some skin in the game in investing.
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11 December 2018 | 4 replies
So in that case, a capital contribution from you does make sense.Typically investors want to see you have what's called: "skin in the game" This is because when you have something to risk, they feel more comfortable you'll see the deal through.
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17 May 2012 | 25 replies
I have seen it all.Buyers ALWAYS say they have the money.I find only about 10 to 20% of the time this is the case.I quantify money CASH TO CLOSE as money from a bank statement in the last 30 days from your bank account in liquid funds.Options I don't want to hear:1.POF letter from hard money lender based on appraisal and other factors.2.Funding is coming from partner or syndicate which requires multiple approvals.3.Money is tied up into other closings or another property has to sell to get the funds to put down.4.Other owned real estate they have to see what appraisal comes back at.I have seen before where they have 50k on hand and need 150k.Wait 2 weeks on appraisal for REFI or LOC and appraisal comes in low and they are short 40k.5.Have to liquidate CD's,Stocks and have to time the market correctly to have enough money to close when they sell.6.Money is tied up into a 401k or IRA they need to convert to self-directed.The list goes on.I also get they want to do an inspection.What I do in this case is make them pay a few k upfront as non-refundable option money with a 48 hour inspection.This has them put skin in and perform in a short period of time.I make them wire in the funds to the closing attorney.Jimmy the 2k is alright but I would have given them a very small inspection window to perform or lose the money especially on a hot deal when others are itching to snatch it up.
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26 July 2015 | 2 replies
Desjardins) - will want to see you with a min of 15% skin in the game ... even then, that would be for a multi-family property that was CMHC insured.
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16 September 2015 | 21 replies
These companies have to much skin in the game already.
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27 January 2016 | 0 replies
Either there is no skin in the game, or heavily cross-collateralized.Projected Sales $ 1,665,000 Total Project Cost $ 1,165,073 Gross Profit $ 499,927 Cost of Sale $ 133,200 Net Developer's Profit $ 366,727 Net Developer's Profit Margin 22.0%Gross Loan Amount Requested* $ 1,165,073Loan to Cost 100%Loan to Value 70.0%If everything works out to plan, the 10% investment of $ 70,000 would become $ 36,673 profit in addition to recouping the initial investment.
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7 October 2016 | 4 replies
I would get connected with an awesome realtor to help get your properties going and once you get some skin in the game then would be a good time to get your license, since you can be more efficient with your investing.Hope i could help, if you need some more help you can PM or connect anytimeCheers,Anthony