Bryan Hancock So then IF you were Roselynn Lewis and had a project that you needed help funding, and were lacking the required skin in the game, experience ,or credit, what would YOU do to put the deal together?

They want to see some "skin in the game".

That way the lender will be more inclined b/c you have skin in the game and if you fail they get the property and the potential profit.

They skin with the cheap items and call new but the crushing expensive items on future cash flow they leave in place.

hahahaJust submit super "low ball" offers and have thick skin for their responses.I remember sellers laughing and verbally abusing me for my low ball offers only to call me a few months later to ask if my offer was still on the table.Gotta love real estate hahaThanks

It doesn't happen often as they like you to have some skin in the game, but every once in a while we get one through.Private lenders are generally putting more trust in the person than the deal.

Use that rental money to build up some cash again (along with personal savings) to you can get some skin in the game for the next deal - whatever that may be.

Of course you should be able to find someone of JunkYard Esquire's caliber in your area.There's a lot of misinformation you need to sift through, to do this right, from well meaning experts that have no skin in the game or experience in Landlording and facing "Professional Tenants". i.e You've got a lot to lose.Good Luck Renting!

First, is there a Capital injection by the borrower in the activity being financed, it's just a skin in the game, as a lender I want to know you will get hurt if I get hurt.

Shawn, would YOU finance your properties to a complete stranger who doesn't want to have any skin in the game?