Most times, bank or otherwise, someone wants you to be invested and have skin in the game.

Partner with someone who has skin in the game and do the deal together.  

I might argue the big banks will screw you more because they see you as a number whereas a private lender has more skin in the game and wants your future business.  

Second, I liked that with Roofstock there is a partner to help me with the due diligence and there is someone else who has skin in the game when I buy a place.

As to LTV...not sure why an investor would care, other than they want to see you have experience and skin in the game.

I've done it twice now and the last one was by the skin of my teeth that it went through because of the marginal neighborhood.

If you have any money to bring to the table, that would definitely help out in finding a partner as you'd also have som "skin" in the game.Or you can also partner with more experienced flippers, by bringing your time and energy to the table, doing work that your experienced partner does not have time to do.Good luck!

The owner saves money because there is no realtor, you save money because there is no realtor, there is no negotiating through two realtors that don't have any skin in the game.

Therefore I charge them enough that they have "skin" in the game.

40K will be real hard to get a hard money person to move on you may have better luck with putting a deal together and getting a partner but try to have some skin in the game if possible will help your chances alot more.