Cash flow is a sucker's game.

My experience has been that purchase transactions where the buyer has no or little skin on the game have a default rate many times that of buyers who place a significant down payment into the deal.  

A good one will also have skin in the game and will even be able to bring new acquisitions to your attention.

So I require skin in the game (average is 5% to 15%) to offset this.

Somehow I think it's better to hold onto my own money and keep that dry powder on the sidelines waiting to get into the game if there are some emergency expenditures (haha, very likely with the kinds of deals I'm thinking about in class C neighborhoods).

I don’t mind having skin in the game either, but I know using private money is key to scaling one day and would like to get some experience with it now, even if it doesn’t fund a majority of the deal. 

I’ve been researching a lot about the basics, but I know there’s so much more to learn, especially from those who’ve been in the game for a while.I’d love to hear from experienced wholesalers about their journeys and any advice you have for a complete beginner like me!

Hey @Marc Shin, so yes on the games.

There is really no reason to roll the dice in a craps game.

I mean if you have specialized knowledge its fair game to charge for it..PuuuLEASE, it is far from the "same" program".