Your dad can help investors flip houses without having any skin in the game.

One or two of the partners are typically the leads that oversee the property manager and employees and get a small extra stipend for their efforts but they also have significant skin in the game.

I'm not a lender, but I suspect that the lender ponying up the 80% would like to know that you have some skin in the game.

He has no skin in the game and should be able to give us an unbiased opinion on what needs to be done to correct the issue.Thanks

I’m looking forward to getting some skin in the game and learning along the way.Good to know y’all are here and hopefully I can make the next meet up!

As @Jim Adrian mentioned, that doesn’t leave you a lot of skin in the game to pull out. 

@Jesse PetersVA loan or fha loan for personal propertyIf it’s for investment property you will not get itThe reason being lenders want investor to have skin in game and do not want to take on all the risk.

Gah - 401k's....I'm so irritated by that financial instrument!!  

our two houses are 4/4's and average around 74-80k per year each gross. we are at a 50% return but have little to no leverage. most that finance are happy to break even and have a vacation home.its really about the skin you want in the game. if your insulated and have a ton of revenue finance away, all my deals stand on their own, we have 20 properties and there are a lot of people that will leverage and leverage to have "100 doors" but id rather have 30k in income coming with 4k leverage in a month vs 100k and leveraged for 80k a month.bottom line in myrtle- n,s or otherwise- great market the more cash you have down the more you will enjoy it. if your a large investor and dont mind a bunch of pressure and thats your game more power to you as well.

The 1st position mortgage normally wants you to have skin in the game.