Hard money generally doesn't go to 100% - 75% is a "normal" max but a lot will not go higher then smaller numbers like 70 or 60.So you will have to put $$ in - HML will want you to have skin in the game.You need to find something that leaves you $$ left over for rehab.Also - remember your buying that 100K property (ARV) for 70K or 50K or whatever and that is the amount your financing.or if you say homes (even rough ones) go for 100K - well - are they worth more after reahb - if they are worth 150K that is what the HML will loan on.So in that case you can get a 70% LTV from a HML - kick in 5-10K (with closing costs) and then spend the rest on the rehab and holding.Some HML will let you in with no skin on your second + deal as well so it does get easier the more you perform.

many (most) times, the lender will not consider a loan modification until you have defaulted. so if you default, your credit will be damaged.lenders want to make sure you have skin in the game. you signed a contract for the terms listed and if you want out of the original contract, you need to pay a premium.

Proof of Funds (if any I Highly recommend this and I would say 99% its a requirement investors/banks want to see that you are willing to put "Skin in the game")6.

SPEC office building, with the only skin we had in the game being the engineering that the seller had actually paid for, and our selling commissions, I found a lender to do the deal (funded the purchase the land and construction loan).

I need my own money saved to put my skin in the game.

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

You won't learn a ton, but you will have skin in the game, and you will see how the business actually works.If not, then you need to learn the business before selecting markets from afar.

Make sure your lease is tight and your tenants know your expectations up front, and let the smaller irritations roll off of you...

It sure makes sense  - the builder has no skin in the game in controlling costs whatsoever.

Most private investors want you to have some skin in the game.4.