I sold many of my OREO to investors for 10% down wanted some skin and 5 to 10 years no Interest I did this in 2009 to 2010 to help clear out the 200 homes I personally foreclosed on and by offering this I probably sold these homes for 2 to 3X what I would have gotten at the time for cash..

You need money to get the repairs started then they reimburse you for work done as you go.Today many want you to have more "skin in the game."

There is always more than one way to skin a cat (or pick a winner)!

Often, banking operations will be defined and are regulated at the state and federal level, they apply to the operations conducted, such as purchasing, assigning, servicing, assignment of servicing, the modification, etc. of any loan secured by real or personal property, the exemptions are stated as well and on exemption to these laws may be for a mortgage broker, this is where the requirement to be a mortgage broker comes from, not from the mortgage broker originator laws.Lastly, note brokers and gurus could care less if you are qualified or hold the proper license, it's no skin off their nose, s if they can make you a birddog and find notes for them, they benefit without liability from your actions.

Most local hml's will want to see you have skin in game, particularly given this is your first deal.

The cash flows can be very slim when starting out, not to mention, one person always feels like they do all the work and they begin to get irritated.

It's not a problem with a seller carring back a second, it's your down payment of only 5%, not enough skin!

Don't let the Gurus fool you, it takes work, thick skin and a never give up attitude.

There are a few ways to skin that cat, but the basic premise is you sell it to your buyer for a higher price, and get paid the difference.

This irritated me very much, b/c he also hadn't been great about timely following up with me on other issues, then he drops this on me.