Do this a couple times, and you'll have the money needed to put some skin in the game for hard money or private money.

..You will make mistakes but don't quit. you need tough skin and PERSEVERANCE in this business...

Exactly right @Wade Sikkink, @Troy Feldman any investor who is smart with money ain't gonna trust a guy with no skin in the deal! 

You will probably lose much more than that in the fight and probably won't prevail.The wholesaler is asking for the $5K from the rehabber so he knows the rehabber has some skin in the game.

I make sure my borrower has plenty of skin in the game.

Investors invest because of trust in you regardless of having financial skin in the game.  

I would suspect like most HML that do MI deals they will be pretty conservative on valuations and want some skin in the game.

He laughed, reminding me I hadn't any "skin in the game" since he was proposing to fund the deal 100% so what was I so worried about if we paid a little higher price if it meant "getting the deal". 

An asset-based private or HM lender would be most interested in the subject property CMV and ARV(moreso) then how much skin the game you have and sometimes they are concerned with how experienced you are.

But the vast majority of those that immediately meet me and beg me to coach them or to be a student, I say, NO to.Just this week 3 people asked me, but I told them, show up, network, prove your dedication to this, then maybe after we will discuss a coach/student relationship.That ADHD is also why I don't take on INTERNS> Most just waste my time.Yes, we all are ok with Banks, etc requiring Skin in the game, but you want me to give my time freely to someone.