For a first-time flip like this, having some skin in the game is important, and a lender can then cover the rest.

Brandon We work with several but they will not typically go above 60% of bid to make sure you have skin in hte game. 

@Kyle DeboerEveryone is going to want to see some skin in the game.

But my favorite sponsors aren't from here.I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

While we may be out of state, we would have local investors with skin in the game with us.2.

Having skin in the game is better than having no skin in the game.

Totally get the appeal, but 100% financing always feels risky to me—if you’ve got no skin in the game, the lender or investor’s taking on all the risk.

Put more skin in the game.

I'm having trouble finding a lender who will do this.Thanks much in advance... non bank lenders who are doing DSCR do not allow 2nds on the back end. they want skin in the game

It can be "little" down or "someone else's money down" but don't make the mistake of thinking you don't have to have some skin in the game.