Therefore, you would still need to put down 25-35% of the $65k purchase price.Hard money lender may be more flexible and use their conservative estimate of the property value as a basis, but they are most likely going to want you to have skin in the game and large down payment.

I get paid to bring a buyer and seller together (usually from the seller but it can be from either or both sides) and I usually have no skin in the game.

Although I understand a small claims in Michigan wont cost me $ 250 to file (more like $50) and I believe my P. manager will handle it for me - He also has some skin in the game as the tenant didn't pay $700 worth of utility bill that he has taken responsibility for and paid for out of pocket- so I think the issue of time and expense are probably less significant in my case.I am waiting to see if we can even track her down now in order to proceed, but still debating within myself whether to go ahead.

Remember there are tons of ways to skin the cat!

Only invest with partners who are willing to have skin in the game - meaning, do not invest in a project if ALL the money is yours - you want them to have money at risk in the project as well.

I am also getting some skin in the game in these areas.  

I'm hoping to come in at $100 per square foot (pop top and first level gut), but I have to put up new stucco and wood on the skin of even the first floor.

Hello All,Well, I've had two small multi-family deals fall through over the last 12 months (I'm the buyer) over inflexible/unmotivated sellers after very unflattering structural inspection results.I can't help but feel I am the only party with "skin in the game", and the seller is just - pick one - (mentally ill/a "tire kicker"/doesn't really want to sell his property/etc.).Allow me to explain. 

I understand the idea of having skin in the game.

Guys don't really like getting into deals where the buyer doesn't have any skin in the game.It's best to find a couple different guys, interview each of them and find out which one will work for your situation(s).