The availability of private money will depend on a few factors: a) The value of the deal (i.e. is it a real deal) - from the lender's perspective; b) Your track record with the type of deal (i.e. if it is a flip, how many have you done and what have been your margins and timelines; if it is a buy-and-hold, then how many similar properties are you managing and what are their operating margins; c) The loan you seek: How much, how long, what's the exit strategy, & how much of your own capital (skin) do you have in the deal.

This way you get to earn and learn because you have some skin in the game.David H.

Having money in hand ("skin in the game") is going to get you better rates, help you access more financing options than if you have non, and is going to make you work harder and smarter because we're always more careful about spending our own money.

I think you need to have more of your own "skin in the game".

You will learn to have thick skin in the property mgmt business.Good luck

Ever read "Acres of Diamonds"Then you may want to look at how you can Finance your Deals, even w/OPM you need some skin in the game.

I would be willing to put more of my own skin in the game then the standard 10% to make it work.

They don't have credit and few of them work. 1) Everyone must fill out an application. 2) If they want to paint or buy a puppy "in the future" - no3) Monies owed, even medical - no4) Facial jewelry and boyfriends and girlfriends on the first visit - bad sign and usually no5) Right to enter quarterly for pest spray and filter change.

Depends on the HML most want you to have at least some skin in the game but if you find a deal at a low enough price they might lend solely on the strength of the deal.10. 

@Derek V.Thanks Derek, appreciate this... and thanks for your kind words.As they say..... there are many ways to skin a cat.......What the bank has determined as its true value for me it what matters, I am not selling.