Quote from @Yocheved Beer: Hi all,I have found a house in Lehigh acres Florida for a purchase price e .75 of of the appraised  value and it is for sure a 1 dscr. can I immediately buy this for  0 Dollars downHi Yocheved:One of the cardinal rules in real estate is that you have to have some skin in the game.

You have no skin in the game and you are offering the private lender 30% or 70% of the profits?

As you continue with this journey, you will need to build up some skin to not let it bother you.

You need to have "Skin" in the game meaning your money or "Family" money.You can receive "gift funds" from a "Family" member if money was given to a family member and then given to you as a gift from family it would work.Keep in mind even if the seller gives you money the bank/lender will see the deposit into your account since they ask for (2) months of bank statements.

I personally prefer when investors have some skin in the game.

Also they would like to see you have some skin in the game, which it sounds like you are working on. 

Meaning, the borrower must bring at least 10% skin in the game.  

IMO it goes against the meaning of the word if the new entrants to the group aren't coming to the table with at least a certain level of experience and skin in the game.

I was not getting any solid signal about rental occupancy rate either and from a property appreciation point of view, I felt there was hardly any skin left in the game for me. 

Do you have any skin in the game.