I bought my first couple of personal residences by negotiating a price, and then submitting a written offer that increased that amount by the amount of the projected closing costs.The advantage, assuming the house appraises for the higher price, is that it is no skin off the seller's nose, and it allows you to effectively roll the closing costs into your mortgage.The disadvantage is a lot of lenders are wise to this, and limit the amount of "Seller Concessions."  

You're almost always going to have to put some skin in the game, but many hard money lenders will put up a good chunk of the reno costs as well.

However, if I could acquire properties for 70-75 cents on the dollar, I should be able to control the asset without much skin in the game. 

Many ways to skin a cat.

They won't do 75% of appraised value, as they're worried that you might not have enough skin in the game if you have a really high appraisal, so they base it on purchase plus renovation, instead.

Originally posted by Account Closed:Jerryll,If someone put up all the money, they be wanting 70% and give you 30% because you have no skin in the deal.Brandon does deals where he finds the properties and his partner puts uup the money and they split profits.

If you are wanting a conventional loan, with those kind of interest rates then you will not get it without Skin in the game.

Most reports can be delivered in about 4-7 days after inspection takes place and include conference calls immediately afterward to discuss immediate capital needs or any items that may arise during the inspection that would be deemed relevant to the completion of the deal going hard.Property Condition Assessment Inspection Fee TableFees are based on a per door rate as follows,Basic $375.00 per door Includes a visual inspection of foundation, exterior skin, common area, site lighting, life safety systems, roof condition (from ground), interior condition assessment of units up to 75% if accessible.

There's no one right way to skin this cat.

You go out there with these begging for money ads, what you attract are the sharks ready to skin you.