Landlord might be more willing to assist if the tenant proposes something sensible and shows they are willing to have some skin in the game (the deposit).Hope this helps.       

Most backers would want to see you putting some skin in the game, but it´s not necessarily a deal breaker if you´ve secured these properties at a low enough price. 

Some skin in the game from the borrower is a must but I am unsure what is working out there.

And since you already put your 20% down that is your skin. and then you pay rehab out of pocket.. so it allows in our market someone is 100 to 150k liquid to buy a foreclosure.. now when you add on all their points 14% interest rate their buying fee etc etc.. the deals become PRETTY SKINNY.. and most that do it are newbie types..

Oh and always get an earnest money deposit to make sure they have some skin in the game so you can take them seriously. 

However, the first lender may feel uncomfortable with you not having any personal money in the deal or "skin in the game".Another option that may be even more plausible is to partner with a private lender.

You could show him the king of bargain basement commercial deals, and he wouldn't touch it without your skin in the deal.

I have no legal obligation to the first buyer's agent, but if I had, that 7-day window would irritate me. 

I don't do a ton but when the Mrs. starts getting irritable I have to get a project to get me out of the house for a month or two...

Originally posted by Account Closed:Im in NJ and lend on rehabs - but youll need skin in the deal