The people was all so miserable and back bitting and scornful and would not share anything and then the luch call is made and he goes as they all run to the table and then he notices that there they are with the same HUGE TABLES of food and that giant silver ware again and them tables almost 5 feet accross and so long almost unending and just piled full of the finest foods and yet he realized the people was emanciated almost most starved to death and skin and bones and fighting and arguing and scratching and trying to eat with that giant silverware and yet it was so large that with all the plenty there was everywhere they could not utilize that giant silverware and thus could not get any food in their mouths hardly at all and was starving in a land of plently.

So, you're wondering why your brother, that's basically a hard money lender, is having reservations about working with two partners that have zero skin in the game?

Anyone ever done a deal like this where the potential buyer will instead of giving a down payment, they will supply the labor, materials, and licensed subcontractors as skin in the game?

We would each be putting in $10K, so I will have some skin in the game.    

If HML lenders require skin in the game buying a  property then brokerages should require agents to have something to lose before spending anytime with them.If you look around I am sure you will likely find a brokerage for cheap fees where you are just a number etc.

How much skin in the game I need to come forward with, if they'll lend on the ARV, if they'll do a portfolio loan on a single property, etc.  

If you have skin in the game, and experience if it’s a good deal you will find a partner.

Over a number of years, there was only one quarterly filing where the numbers I worked out didn't match his.One time a CPA saved my skin.

IMO the key to finding great team members is to find people with aligned goals and skin in the gameMy PM is a fellow investor, he wants to grow, he thinks long term like I do, he knows we grow best when we work together rather than competing.

I don't mind having skin in the game, but a property I'm evaluating is a 4plex that is just out of reach for my current income to get a conventional loan.