At 20% down, that's your skin in the game, IMO a motivated seller should be accepting that.

You didn't mention it, but will he have any skin (money) in this deal?

I know that getting your skin in the game is probably one of the best learning experiences so excited to get started.Best,Joe

I know this is where the "skin in the game" phrase comes from, just wondering what combination of private/personal/extra financing folks are using.

It does take money to make money, but there are many other ways to skin a cat.

He found a GC and they are building two spec houses, the GC is has some skin in it as he's fronting some of the costs on the builds, but getting a share of the profits.

@Greg H.There is always a different way to skin a cat...Just sayin...done correctly the idea WOULD work....is it risky?...

I think almost all investors, including myself, would be reluctant to loan 100% where you have zero "skin in the game".If you can't save a few thousand dollars to invest then you're probably not ready to jump in yet.Also, what is your plan to cash them out?

Anymore, they want skin in the game and require separate closings.

I'm not thin skinned and appreciate a spirited debate, and your apology, and I too apolgize if I've said anything that offended you, as that's never my intent, I know you're an intelligent man.