Just think, $25,000 which is the cost of Mastery is really a down payment or "skin" in the game when going for Hard Money on a Flip deal.

There's no guarantee your partner, whose only skin in the game is reputation, won't rip you off, head to Vegas and go on one heck of a bender.

Hello @Steve Sapowsky,The discussions from our group in CT is that lenders like to see "skin in the game."

So just to clarify, even with the hard money route and all those associated fees that come along with it, I would still be able to get the deal done with $20,000 "skin in the game" and yield a profit?

The first will be well secured at 80% of the current market value as long as the buyer has at least 10% real skin in the game.

You will learn to have thick skin in the property mgmt business.Good luck

I've shared pictures of it on BiggerPockets that show the walls glowing yellow.

Regional lenders, however, were not happy with the strategy and would not give me credit for the value I created because they wanted me to have skin in the game.

Down payment is just meant to lower the loan-to-value ratio so you have skin in the game and it increases the spread for the lender.

Guests leave glowing reviews for average rentals because they want good reviews as a guest.