How much down (skin in the game) did the borrower have when they bought the home?

If I do it this way, it would be almost zero Cash out of pocket.However if a private lender requires me to bring money to the table to ensure there is skin in the game, i would consider it.. 

These institutions want to see you have experience and skin in the game.

At the end of the call, it had me doubting whether I was really cut out for this, but I've decided I just need to develop a thicker skin.

You're trying to skin me so you can make a killing.

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