Everyone we have networked with says we must have skin in the game to do any kind of joint ventures/learn from them or even join a team, which we would love to do, however we basically gave our life savings to a family member to deal with a health battle.

Alternatively you can use private or hard money for both the purchase and the rehab but you’ll most likely need to have skin in the game and put down 20-30%.

If they have no skin in the game and they aren’t playing a “mentor role” I don’t know if I would give a percentage of the profits.

After a while of doing research and thorough preparation, I am finally ready to get some skin in the game and to start investing in real estate. 

JustineGreat job so farYou have a lot of skin in the game and more risk.

They have more skin in the game then you do.Make sure you get clear title.

We want all borrowers to have "skin in the game".  

They have more skin in the game then you do.Make sure you get clear title.

Our setup has us splitting losses 50-50 as added insurance to the investor and as a way to show i have skin in the game. 

. #1, it requires them to put some of their own skin in the game and if they back out of the contract you've got 5k to pay off your $100-$1000 EMD to the seller, or work with them to extend the contract so you can find another buyer.