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

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.

On the other hand, a tenant that moves in with BB will have a build up of BB, shed skins, and fecal material on their beds and couches - strong evidence that they brought them in.I don't think it was mentioned yet - you should treat both sides.

Most HML will want you to have skin in the game to start out with get track record with them and they will fund 100% after time.

We kept 25% skin in the game, and our equity was subordinate to the senior bank debt.So here is the word of caution.

I looked him up and looks like I will enjoy some of his videos later tonight :)Second, with your energy you will be "big time" shortly.There are many ways to "skin" the cat.

We just refied out of that a few weeks ago... still have some skin in it, but well under 20%. 

They have more skin in the game then you do.Make sure you get clear title.

Not wanting to put that much skin in the game straight off, and also wanting to stick to my buy hold rent SFRs in a fast appreciating hot RE market, I purchased a 2100 sq ft SFH on a very large city lot (66 x 150).

Cashflow will be tight... maybe it will be positive by the skin of my teeth but I should have significant equity.