While it was all well worth it, I also don't want to give the impression that it's all peaches and cream..

I've talked to other lenders in the past who wanted us to have a certain amount of skin in the game because of our lack of experience. 

No lender does 100% regardless of the rate since you have to have skin in the game.

SO for those of you beginners who don't have much cash and you want to flip a house, here's a 3-step process on how you can do your first fix-n-flip with no cash out of your pocket:Step 1: Raise Your Downpayment Using a BUSINESS LINE OF CREDITHard money lenders require that you have "skin in the game" or downpayment.

Im thinking...if he comes in with half the skin...I can treated as a normal JV 50/50 or 60/40 @Nnabuenyi Anigbogu@J Scott

It may never happen, but nevertheless, I am determined for now to do what I can to find that one property which will allow me to start my journey into RE investment world.My advise to you is this: have a thick skin.

And they have zero skin in the game.

I have skin of an aligator :)That actually is one of the main reasons that I signed up and posted.

Also, seems this began with the assumption that a lender would loan 80% with the seller taking 20%, won't happen, there is no skin in the game. :)

You get the cream of the crop that way and they get a sale with out having to really do much.