Let's say they agree to give you $560k, they will then require you to have 'skin in the game,' and bring the balance of $240k cash to the table, to cover the difference.

@@Jared Kovall-ScarlettInterview hard money lenders, many want skin in gameLook into private lendersLook into REIAsThink about a JV w a seller on a minor rehab, seller carries a single payment note until resale

Lenders/investor want you to have skinning the game.You might send some quiry mails to see if it  is even legal.

This isn't a rant by any means, but if I were considering deals in the UofM or any area, I'd want a synopsis by someone with skin in the game there.

We need to do a few wholesale deals to get some skin in the game.

And I've spoken with HMLs, but because I don't have ANY skin in the game, they aren't willing to take the risk which is understandable. 

I don't have a source to back this up other than the conversations I've had over the years... but lenders want you to have some skin in the game.

For all intents and purposes, the only role you play here is being a wholesaler. nothing wrong with that but dont be a wholesaler and expect to get the percentage of a equity partner with skin in the game.

PM me and I can help get your deal funded as long as you have skin in the game.

Insurance should never replace a deposit, plus there's the mental block that if a tenant doesn't have any "skin in the game", they will damage your property more.