He was over-leveraged, the rules changed, and he went from a multi-millionaire to bankrupt in a matter of months.Wise investors work hard, save up, and put skin in the game.

Dennis,Let's say you do get approve for a loan how much skin are you putting in the dealJoe Gore

This is what I got from a local credit union with skin in the game in our community.

They didn't have skin in the game and I couldn't force them to work harder and longer.

How much skin are you going to put in the deal?

Parish, Most lenders want you to have skin in the deal.

Then today (after about a week of back and forth) I finally figured out how this whole situation came to be:-Tenant paid rent around 1/5-Tenant disputed the payment with their bank (not Google Wallet) around 1/15-Their bank pulled the money back from GW-GW pulled the money back from meAfter several more irritated emails about how ridiculous this is (and them explaining how they can't fix it), the conclusion was that my options are to reach out to the sender and work out a solution or to file a lawsuit.  

I have tough skin but when an idiot calls themselves coming for me I react.

Then you have no skin in the game, just your credit score...and you lock in a lower interest rate.

They will be the project manager and investing their time for 50% of profit; however, they don't have any skin in the game in terms of actual cash.Is it normal for me, as funder, to ask to have a loss allocation written into the document?