Most lenders like to see a track record, skin in the deal, and collateral.Joe Gore

@Marvin Spears,You are on a site that will prove far more valuable to you than any guru you can find, anywhere, at any price.The whole guru, coach and the latest fad, information marketer 'scamdustry' just makes my skin crawl.If they were as good as they claimed, they couldn't afford the cut in pay to become a guru or a coach or an information marketer.

He's also selling a 2 Million+ RV park so he doesn't need the cash but is more concerned with someone coming in, not taking care of the properties/tenants and unless he gets a good down payment they have no skin in the game.

If they cant qualify today, find out what is lacking, and have the RMLO state that in a letter. 3. the tenant buyer has "skin in the game" from the option fee, so they are less likely to damage the place. 4. the seller should do a walk through and inspect the place regularly, like every month. 5.

His comments above are filled with a lot more advice than you may realize at first glance.The only thing I'd add is that this isn't a business for the thin-skinned.

One is so I had a decent amount of skin in the game from the borrower, and also to make my note more valuable if I ever needed to sell it.

Assumption is a renter will not take as good care of your place (especially if you're a distance away) as if they had skin in the game for ownership.

The Foreclosure time frame is why HML now want higher credit from borrowers and skin in the game.

Even with flipping if you use hard money the lender will want skin in the game ( money down and points ) to do the loan.The reasoning is if the rehab gets tough the HML wants it to be painful for you to walk versus just handing it back to them.A good contact for flips is J Scott on here.

You typically need to have skin in the game, but at the same time you certainly don't want to drain all of your personal reserves if you don't have to (i.e. if you used up all of your reserves on a traditional downpayment w/a bank - not only would it be gone, but then what's next?