Originally posted by Account Closed:Im in NJ and lend on rehabs - but youll need skin in the deal

Shan as a hard money lender myself we wouldn't lend unless you put some skin in the game. 20% on purchase and rehab as a minimum with an ample plan in place.

As a wholesaler I'm embarrassed, apologetic and irritated by reading this thread.  

But in real estate, and any business for that matter you have to have a thick skin.  

Know a good deal when you see one, help the seller, put EMD skin into it, follow through and provide your buyers a valuable service.  

Account Closed I understand having skin in the game, but what should I be looking at for a deciding factor? 

Lease Option:  I like that buyer has skin-in-the-game with the non-refundable $4,000 option fee.  

No skin in the game, I've just had good experiences with them.Happy to discuss the market from a rental/investor's standpoint if that's of any interest to you, but I can summarize by saying that single family rentals throughout the Sacramento MSA are very hot right now and south Placer county is the hottest of all.  

It's a good way to make a bad name for yourself and really irritate the other party.What I do think is acceptable, though, is attempting to negotiate the deal so that is does work for everybody.

I've heard some people say you only need a little skin in the game if you're managing everything (again not as a PM) and you can split some aspects 50/50.