Nick, sounds like you need to read Brandon's book, ha ha.We want some of our own skin in the game, but we've used family loans as a win-win too.To properly tag people, type #, type the first few letters of their user ID, and look for it to pop up in the bottom left corner, and click on it.  

LennyTime to develop a thicker skin, so far no class in the public relations department. 

Shaun can't totally agree there, you may be familiar with your institution, but we try to speak on a wider national spectrum. 85% LTV on a SFR will have PMI and they too want skin in the game, PMI goes away generally at 80% LTV.

Another clean way Rick, thanks for the compliments, lots of ways to skin a deal...LOL

The hard money lender will simply make sure you are qualified for the refinance, and make sure you have "skin in the game"",,they know the more money you have tied up in the project, the slower you will be to walk away.If your going to hold a property for any length of time, you don't want transitional funding, you want a hard money/private money lender,,but yes, you have to be qualified to refinance to a traditional mortgage because they want to get their money out

However, the lower down payment means you have higher debt service on your larger mortgage and generally also means that you'll get less favorable terms on that financing (iow, if you have little or no skin in the game, you are a high-risk borrower -- perhaps higher rate, more points, shorter term?).

Great topic... so we have found the more skin in the game- the stronger the tenant.

The disadvantage to traditional financing is that you need to have more skin in the game in most places.I would not spend all your cash if you can help it.

It's called having skin in the game..

Perhaps, but depends on how much skin in the game you have.Looks like a spread worth doing to me.A few questions for determining to move forward would be time involved to get through the red tape in your area, how long from start to finish, any costs other than the dirt and $100 per sq. ft.Type of financing the buyer will be using.For a lender: Likely will not go beyond 70% of value, and if you plan to spec build, you may want to check out some local banks and see if you buy the dirt, perhaps they will do a construction loan and cut your lender costs in half.