What they call skin in the game.

As has been mentioned in many podcast here, there are a million ways to skin a cat.  

Brandon Burrell unfortunately most lenders are going to want some skin in the game!

Honestly that was stressful enough and I had no skin in the game or financial burden.

Here's my thoughts (I'm guessing several won't provide sufficient funds):Use crowd funding sites like lendingclub or prosper to get a personal loan (up to $35k I think) to help w/down paymentTake out a HELOC on one or more of your own propertiesIs the contractor putting any skin in?

With a full structure rehab you are talking a lot of time and possible code and permit issues versus a skin job.

You'll still need skin in the game, other assets may be pledged to cover part or even all of the deal, other underwriting aspects still applicable.

I am not sure anyone will give you a bridge loan without and skin in the game or track record.

Therefore, it will be wholesaled, as will the next few until I have the skin on the next home run.Cheers all.

This way he has skin in the game and an incentive to close the deal, because otherwise he will loose his EM.I look at it this way: if you get the deal then good for you, if get burnt you will learn a huge lessen on a small deal that will benefit you for the rest of your life.