This would give a definite buyer in the contractor who would now have "skin" in the game for refinancing from a bank.

There's a reason credit cards can't be used as down payments and the reason is that lenders want you to have skin in the game.

Its a time sensitive scenario, you can't choose both. 1.

However, more savvy real estate investors will want you to have skin in the game and the ability to pay the loan back.

are there better ways to show skin in the game for hard money investors?

Is it standard for HMLs to ask for a one-time deposit of $3500 that includes: 1) evaluators going out to property to determine whether it's a good deal, 2) enrollment fee and 3) "skin in the game"?

If you let something like this get under your skin, it will undermine other things of higher priority.

Do your sensitivity analysis to see how far the occupancy can dip before the DSCR goes below that benchmark.  

A hard money lender gave me this quote and Im trying to figure if its a good deal also, its on a 2 fam building in upstate Ny, if anyone can give advice please respond to me publically so other people can lean as i am. thank you. im going to try to post this on other threads because its time sensitive Loan Amount: Total loan amount of $63,750 or 65% of After Repair Value, whichever is less (Subject to appraisal, inspection, applicant interview and additional underwriting.

I am perfectly open to skinning the cat in another way if it makes sense.As far as attorneys, I have a fantastic real estate attorney who I have used on all of our family purchases for over 17 years.