So let me ask you this switch positions . your seller.. you just deeded your home away you think everything is great.. now the payments are made for a year or so then. stop.. your seller probably has not really fixed their financial position and is now renting and so they can't afford rent and to pay a mortgage on a home they do not own... you as the real nice middle man who solved their problem is long gone you could care less you got your dough you just stuck your seller with basically a sub prime borrower they don't know... house will now finally go to foreclosure because both parties can't cure.. and of course your long gone you got paid you have no skin in the game does not affect your credit. 4. the people you saved cannot get another home because their mortgage is still on their credit.. they are stuck and did not realize it when they deeded it over.5. your Seller gets way pissed and files a complaint against you at the AG s office as you have taken advantage of someone in dire straights and now they are totally messed up. ( I have rescued investors who this happened to)So I know there are guru's that teach this and it all sounds good.. but UNLESS you have the ability to cut a check to payoff the underlying at anytime its called then step in and foreclose your lease option or contract for deed folks out.. then this is a horrible idea .. and again I know its taught and on the surfice it sounds wonderfuland it works like I said if your very well cashed up .. but most who do this are not ERGO they want the sub too deal as they see this as leverage into a deal with no personal credit.Also let me tell you there are sharks out there that do this and walk once they get a few grand .. in many states you cannot even deal with folks in foreclosure unless your a licensed foreclosure consultant.. our state is that way.So careful .. think it through .. use the 10 commandments due unto others.OH and lastly your comment about just walking that one really gives me heart burn.. you lead people on you bail on them and leave them no time to fix their problem when they could have been talking with a real investor or short sale broker that could have actually helped them and is not just looking to help themselves.

Lenders expect borrowers to put some skin in the game.

They are however allowed to accept securities, up to 10% equity in the issuer, as compensation for their services.There's plenty of talk about how platforms prefund projects and have skin in the game...

Their credit checked out, and former landlord gave them glowing reviews, though now I am confident that they landlord gave them a glowing review because he was ecstatic that he was getting rid of them.

I think the best thing you can do starting out is partner up with someone who has experience in real estate investing until you get some skin in the game.

Many banks are going to want to see that you have skin in the game....most are not ok with you bringing in a second loan and not having your own funds in the deal.

Im ususally rather thick skinned on the contructive criticism.

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.

As long as you left enough skin in the game for the buyer to be getting a good deal, I don't really feel like you should need to hide your profit from the end buyer.I have used a double closing before where I had a skiddish seller who didn't know I was flipping the property.

There's not one way to skin a cat in real estate . . .