It was definitely difficult i have to be honest.

They want you to have you own skin in the game.

Nearly all investors would like to see someone that has some skin in the game.

They have to show skin in the game and something big to lose just like putting money down for a hard money loan to rehab and resale a house.

I am having difficulty finding lending options to make this deal work.

NY seems to be a difficult market to get into (although I'm sure there is difficulty in all markets as a newbie).

You have skin in the game now.

I've found an unlisted property that transferred for 23k all cash 5 years ago and is now an abandoned duplex w/ a zestimate of around 105k based on B/B count and sq ft, lot size etc...local etc... no current mtg. listed so I'm scoping it pretty hard as my first wholesale offer...trying to find a realtor that can pull comps for me but since they don't really have any skin in the game nor would they I'm not getting much enthusiasm from so-called Realtor friends that I've had...

This week, the first two benefits to cover are access to capital, and leverage.Access to CapitalThere are many ways to skin a cat (i.e. become your own boss and control your own financial future).

I saw earlier in one of the forums that it was difficult to get an FHA loan when you own a single family and want to move into a multifamily. I didn't respond to the discussion so I am asking you now. In what ways is ...