Even Hard Money Lenders will usually want you to have some skin in the game.

. - Yes actually Hard money lenders will sometimes let you borrow more than 70% of purchase (plus 100% of rehab if any) depending on the deal but you will indeed normally have to have some skin in the game, at least 10%.- Yes Private Lenders are possible.- Dont listen to the first answer, ( @Fred Shatzoff ) some HMLs will allow a second position.

They typically don't look at your income or tax returns but will often vary what they can lend you depending on your experience flipping/rehabbing and your credit score.Many HMLs will have a minimum loan size, say $75K or $150K.HMLs will also usually still require you to have skin in the game, funding perhaps 90% of purchase or 75% of As-Is value whichever is less, plus 100% of rehab in arrears draws.Besides the down-payments you you also need capital for closing costs, Appraisal, rehab (if any) till the first draw milestone and of course for servicing the loan at least until you have flipped or stabilized. 

Around my town, commercial banks love these types of deals, but you do have to have some skin in the game (i.e. down payment or other equity in RE to offer as collateral), and the rents must justify the price paid.

Typically you always need to have skin in the game / down payment.

They have more skin in the game then you do.Make sure you get clear title.

Most of us want you to have some skin in the game. 

Jing,Some questions I might have is: How much money is the sponsor putting into the deal (aka skin in the game)? 

As I advise my potential starry eyed borrowers - I can lend money but you will need extra money for:- Money down for the purchase deposit, you (or your motivated seller/investors/relatives) WILL have skin in the game,- closing costs (including appraisal, title, insurance, fees and points.)- loan carry costs for the duration of rehab/flip or stabilization.

He used to sell door to door years ago and talks about the thick skin he gained from the rejection he dealt with.