Yes lenders want to deal with someone who has experience, and EVERYONE wants to do business with partners who have skin in the game.

For any deals, you will need some skin in the game ... meaning at least some funds to start with.

Sounds like he just wants to get under your skin.

More investors need to get skin in the game besides just the mortgage and invoices.  

Overall I understand WF is looking to cover their skin in the game. 

I am definitely not saying all, just many that I know.2. the rate if return is low for a 2nd position 3. the way this reads, it sounds like this is essentially a loan to get you the down payment money you don't have. that will be a problem for your lender (they want you to have skin in the game) and it is likely an issue for this private lender (again, in this situation you don't have skin in the game)4. you may find someone that would cross collateralize your first property (essentially take a second on it homes) so that might be something to think about.5. and last thing, I promise:) have you thought about borrowing from a family member?

In your case, you have a decent amount of skin you can place into the game which should satisfy most lenders.Make sure you get fully educated on the process of rehab flips and how to get your acquisitions.

While it is possible to do deals with none of your own money, the more skin you can place, the better options you will have.

In having a discussion with a seasoned RE Investor this past week and picking his brain on the structure of his business I really deduced his success down to three main relationships:#1- He has a realtor/partner(he has skin in the game) who handles buying and selling, along with finding deals.#2- He has a "money guy" who provides him a line of credit.  

@Willy Vasquez morales - Both Account Closed is right, it will increase your DTI.2) The bank will probably want sourcing and seasoning of your funds to prove that it is, in fact, skin in the game.3) Even a seller who's open to seller financing will, if they're thinking straight, want to see something down before holding back a note.Here's what I would recommend:Slow your roll a bit.