I also have a meetup once a month in Yonkers and we play the rich dad cash flow game.

The lender ends up with a decent return on what is hopefully a lower risk transaction given the skin in the game of the borrower or the high spread of the deal.

Whether the political climate has been controlled by the left or right, Leviathan continues to grow and with it our population and home prices.I didn't say it was too expensive to invest in, I said it was expensive.

I should say now I had mentioned to him months ago during a football game one night that i was working on my first real estate deal, and he took interest in it offering advice and things for me to think about.

It could be a game changer for sure ! 

Now that I've essentially achieved my goals, I'm ready to get back into the real estate game as I sell my current home and pull out my equity which would give me plenty to throw down a few down payments.  

If you are looking for pre foreclosure properties, that is a different ball game.  

Just put simply, all cash means no contingencies and in NYC that's the way the game is played.

But even a hard money lender is likely going to require you to have some skin in the game. 

Real  estate is a long term game to build passive income.Skinning a few hundred bucks a door means a lot of properties.