Most, if not all private money/hard money lenders today will require you to put some skin (contribute cash) into the project.

I'm just looking for somebody that I can go to for advice and if it takes splitting the first 5 or 10 deals I'm cool with that b/c They make money if I make money so we both will have a little skin in the game.

Others feel they do not know enough to comment on things.I want to make it very clear that ALL of US as BP Members should take into consideration when posting or commenting to a new member, that they may not have the "thick skin" it takes to be in this buisness (YET) and we should approach each of these situations with a bit more compassion and understanding.

Im ususally rather thick skinned on the contructive criticism.

I would immediately start leveraging $200K of the cash as skin in the game in multiple single family flips and use the remainder to fund holding costs until those flips started producing.

I get locking up the deal and having some skin in the game but 5k is ridiculous.

Without this document, you could effectively be buying the property with no skin in the game which just about any bank will catch and not allow.  

When I got started I feared putting out signs for my marketing, talking to sellers, spending money that I might not get back, worrying about people not wanting to sell me their home because of my skin color, not having the cash on hand to buy it, not pulling up to the house in a luxury car, etc, etc, etc...All these things are just inside your head.

There are so many different ways to skin the cat.

To quote one of my bankers " We want you to have skin in the game."