They do want skin in the game (in my case 13K) and a lot of their fees are due at closing and are not wrapped up into the loan (11K).There have to be different examples of using hard money, this is based on what I was presented for a flip opportunity but I thought it might give you a rough idea of the hard money aspect, especially for newbies (my rate was higher because it was my first deal with them but they said it would drop after two deals 14% to 10%).Hope this helps and I'm sure others have better examples.

$2K is no skin in the game and most people will walk from a $2K investment when they hit a $3K repair.

Are you putting anything down as that usually is the basis to assess your skin in the game and your expertice, the assurances of professional management of the deal gets you over most issues, IMO.

But there's more than one way to skin a cat..

Now reality most lenders hard money or not are going to want you to have skin in the game.

Most lenders and investment partners want to see you have skin in the game.

The more skin the investor has in the deal, the more attractive the deal is to the HML.I don't believe hard money is a good fit for buy and hold unless it is temporary just for the acquisition and you have a way to refi it out soon after (which does not always prove to be easy with most lenders seasoning requirements).

They're bought and sold primarily by landlords who care about cash flow, ROI, NPV and IRR. It's

No right way to do it, some have better returns on equity then others, but many ways to skin the cash flowing cat and they all work.

In a 3 month period of time [1] I came out of the closet with being Autistics [2] we bought and moved into a travel trailer because we had spent all of our money, and I was naive enough to tell everyone that we were now poor but so blessed and did not care because we now lived near our wonderful friends in the mountains [3] I was diagnosed with breast cancer and had a double mastectomy [4]  swiftly bloated up 30 pounds, developed lizard skin, hair loss and was no longer cute and young looking for my age [5] meds made me cry over anything and seemed to suck out all my brain cells [chemo brain is real]But this was all okay, because I had the support of all of my wonderful friends, right?