A healthy 401k and IRA savings for their age (early 50s), a paid for little old commercial building valued at 200k that is currently being renovated for wife to start a small business out of.

Then, the conversation goes sideways when you tell them you are an investor and what you are trying to do.The reality is most Realtors are not investors themselves and do not speak investor lingo or understand what you are trying to do.The key is to find an investor friendly Realtor with a teacher's heart in the area you wish to invest.A healthy percentage of my clients are investors from around the country.Those Realtors are out there and happy to help.To Your Success!

I would want my son to have some skin in the game regarding down payment and on the other hand if I was him I wouldn't want to do a live-in reno and have to pay rent. 

In Jacksonville, there are lenders offering 80% cash-out terms that let you leverage, while keeping debt servicing manageable.Great for: Gradual portfolio growth with less upfront effort—if your existing home’s equity is healthy and rates are reasonable.Option B: BRRR Strategy (Buy–Rehab–Rent–Refinance–Repeat)Why it's compelling here: Jacksonville is among the more favorable markets for BRRR due to affordable entry prices and steady rental demand.

This is the prospect's skin in the game. 

That idea that you can do real estate with no experience and no skin in the game was the beginning of the cycle we are watching now. 

Myth 1: STRs create huge tax lossesActually, healthy STRs are supposed to be cash cows.

The most immediate take-away from this site for me when I first started posting on here was needing to develop thicker skin.

But if you're using traditional financing, you'll usually need at least 10-20% skin in the game.Bottom line—BRRRR is a powerful strategy when done right, but it’s not passive.

This isn’t a collapse; it’s a healthy cooldown after a few crazy years.