many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

However its still really hard for us newbie investors with no proven track record to get a bank large or small to give us a loan on an investment with none of our own "skin in the game" so to speak.

Foreign money has been flooding the land of milk & honey because many nations are jumping out of their skin in joy just to save their money from inflation.

,Most banks want you to have skin in the deal, and most will ask you is the down payment borrowed money, and you don't want to lie that is consider mortgage fraud.

If you talk to the average bank, they generally are not going to know much about MF underwriting.Virtually every lender (commercial, MSE MF, even private lenders) are going to want your "skin" (dollars) in the deal unless this is an astoundingly good deal, you have extensive experience, or can substitute other substantial collateral to bolster the deal.

@Carlos Pringle there are a lot of ways to skin a cat.

@Cyrus SidhwaThere's more than one way to skin a cat.

I'd like to have skin in the game on my first new deals.

And as the former tenant had repeatedly demonstrated that he was, in fact such a person, it was for that reason only that I chose not to continue to do business with him.The opposing attorney belittled and scoffed at my reasons and insisted that I was actually a bigoted bastard discriminating against someone specifically because they were black.I asked the judge: Your Honor; I don't like the way this man acts, it has nothing to do with the color of his skin, he would be just as unpleasant to deal with no matter what color he was.

Off course you have to have thick skin due to most sellers responses and also have to know your market well.