Originally posted by Account Closed:I dont like it. the best way to lose a million dollars is have some newbie go flipping houses on your (friends BIL) dime.Money-less people thinks its EZ to make money with other peoples money without skin in the game.  

Almost all lenders will expect skin in the game.

And you'll likely need some skin in the game.     

Was wondering what avenues(techniques) to obtaining properties through wholesale with zero money involved? I'm sure there's several threads on it.

Who can point me in the right direction?

#1 is not an option with only $15k to cover closing costs and your skin in the deal...banks won't do that.#2 is likely not an option if you don't have 6-12 months of liquidity.Yes to #4.  

We are thinking of getting a contemporary house built.

It's no skin off my nose. 

Additionally, no lender will loan any amount without you having XX% skin in the game.    

Even with the increased rents, my CF won't be much after deducting ins, taxes, and etc. plan is to sell and 1031 profits into different property or properties where I'll have some skin in the game and better CF.

anya,You may find a hard money lender that will work with you, but it depends on how much collateral you have in the property, they will not help you if there is no skin in the game, and if they do, your interest rate and fees will be killer. from what it sounds like, you may be better off selling as is and not creating more debt in order to maybe make more money on the sale.