You don't need to have money in the game necessarily, if it he has plenty of capital and only suffering opportunity cost by carrying the note -- you're also suffering an opportunity cost via your time spend.So you'll end up putting a lot more time into this than he will.

I was really worried all day long that I was going to be out of the game after getting the "get lost" from the bank.

We are a hard money lender and we require our clients to have 20% (plus closing cost) and most HML's I know require the client to have some "skin in the game".

.$67 per door.Debt Coverage - 1.481 or 2% Rule - 1.86%50% Rule - 61.35% (Allocation to repairs is heavily conservative.)ROI - 8.62%CAC - 13.99%Vacancy for the apartments are near 0%.  

I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed.

I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed.

Hello Fellow InvestorsI am fairly new to this game of real estate investing and am in an aggressive growth phase.

So not only is the Real Estate game new to me - so is the entire process of buying a house in California (or any other State for that matter) and all the laws and terminology...

Transactional Funders will need you to have a buyer under contract that does have non-refundable skin in the game. 

I invest in merchandise I can find locally (camera/filming equipment, IT equipment, inventory liquidations, video games, audio equipment etc.) purchasing from auctions and locals looking to sell and then sell the merchandise on my eBay or Amazon store.