They want you to have you own skin in the game.

Nearly all investors would like to see someone that has some skin in the game.

They have to show skin in the game and something big to lose just like putting money down for a hard money loan to rehab and resale a house.

You have skin in the game now.

I've found an unlisted property that transferred for 23k all cash 5 years ago and is now an abandoned duplex w/ a zestimate of around 105k based on B/B count and sq ft, lot size etc...local etc... no current mtg. listed so I'm scoping it pretty hard as my first wholesale offer...trying to find a realtor that can pull comps for me but since they don't really have any skin in the game nor would they I'm not getting much enthusiasm from so-called Realtor friends that I've had...

This week, the first two benefits to cover are access to capital, and leverage.Access to CapitalThere are many ways to skin a cat (i.e. become your own boss and control your own financial future).

Guessing you're desirous to turn your Pittsburg dirt into profits, I think you're on the right track though will suggest strongly that you yourself or someone very knowledgable that you can trust and manage babysits the process down to keys in hand, as I assure you, dealing with contractors and all entities along the developer's path takes an entirely whole new layer of skin and nerve.

MOST of them are going to want the borrower to have some skin in the game.

If you're talking about a million in build cost, do you have 200-300k (20-30%) as skin in the game to start with?

I would try to connect with others in your area that have 'skin-in-the-game' in your market.All the best