Maybe you need to show more skin on your pics?

Either the borrower backs out, the deal doesn't live up to deal spelled out previously, so on & so forth.By having the borrower pay, investors can see *Skin* in the game -- Must be a bit more serious than random solicitations for money.

ARV is $300Purchase is $195K using HM w/ up to 65% ARV (my guy does this for me - so you only pay closing cost)Repairs $40kRefi out @ $300k w/ 70% LTV = $225kCash out put or "skin in the game is now back into your pocket AND the repairs... so now your "break even point" is instant...

Flips - They invest certain %$ down so they have skin in the game or what you're comfy with and then pay you a good interest rate of 6-20% for a certain lenght of time 1-6 Months.

To avoid this issue, deal with small local banks that tend to keep the loans in house.As to the other issue about the LOC as the down payment, most banks will frown on this as you have no skin in the game whatsoever.

Either gotta put some skin in the game or offer additional collateral on other RE or a really cool toy you have.  

The problem you may have is they will want you to have some skin in the deal.

The bank wants to know that you have some skin in the game.

It was winter and I was wearing a heavy winter coat, so the bite didn't break the skin, but just left a big bruise on my shoulder.

Experienced investors please feel free to correct me, I have a thick skin.