Jackpot!

The wheels were turning in my mind. The question was fired out from the audience and landed right in my lap like a carrier pidgeon from a long lost journey of many years ago.

This guy got it.

Here was his question

“Adam, when you do a deal, how much of your own skin do you have in the game?”

The question came from an audience member at a private money education seminar that I recently hosted. (In case you don’t know by now, I really love teaching people winning techniques and strategies to get other people’s money – OPM – into their business to do real estate deals.) When I host seminars, I will often take questions from the audience. This was a good one.

“When you do a deal, how much of your own skin do you have in the game?”

First of all, what this gentlemen meant by ’skin in the game’ was how much of my own money do I put into deals where I bring in private money money investors?

Since the tagline of this website is “getting the cash to do real estate deals with none of your own money,” my first answer to this real estate investor was that I normally don’t put any of my own money into deals. The whole point of using other people’s money is so that you don’t have to use your own. Not using your own money is not so much a free choice sometimes as a matter or necessity. When you are building your business, you may not have a ton of extra cash lying around. As you grow you company and cash flows, the options open up.

There are times when… Read More→