If the wholesaler isn't going to put skin in the game for the seller then the seller shouldn't give an exclusive for their property to a wholesaler trying to assign and make a fee.

These folks overpaid for the properties they have and are trying to get out with most of their skin in-tact.

I am not saying that about Papa John's I have just seen that with other corporations before.Jay your franchisee you need to make them put skin in the game with attachable assets.

And honestly, there is a great benefit to me to be on the same team as Shane because he’s a hawk if he’s got skin in the game.Effort - Shane works really hard on this even when I try to get him to slow down and pace himself.

If I were in your shoes, my personal comfort level would be to have them be hard money lenders on your deals, or if they are adamant about owning their own properties I would help them find and purchase deals with their own money that can then be passed off to a property management company. you would be sort of an advisor with no actual skin in the game, and can give them advice about running it when issues arise.I would not want to be actually controlling the money or managing the properties, as 10% of rents would not be enough incentive to mix business with family for me

I have pretty thick skin and am eager to learn.

I would be even more hesitant if you have no skin in the game as in your own capital.Maybe you should aim for a something a bit more for beginners like a sfh flip before swinging for the fences?

John,Most hard money lenders be wanting to know how much skin are you putting in the deal..Joe Gore

A lender would also want to see you with skin in the game so you might need to pony up 50k.

Properties are expensive here and the HML want me to have 20% skin in the game.