They told me I needed some skin in the game and wanted a $1200 deposit.

If you income is not exposed to the courts you have has less skin in the game.

You should have about $500,000 for your skin in the game to find someone willing to touch this.Not to be skeptical, just realistic.

I would never accept a purchase contract that was assignable or not, with only having $100 as "skin in the game" for the buyer.Of course, as the buyer, offer as little as possible, when applicable.

I promise not to take it personally)They don't appear to pre-fund to their borrowers - which essentially means that a.) they don't have skin in the game, and b.) the lenders/investors don't begin accruing interest right awayThey don't appear set-up investors up with a 'Bankruptcy-Remote' legal structure which protects investors in the event that PeerStreet goes bankrupt.

I explained that I'm not comfortable lending the full amount, but if they had 10% skin in the game I'd consider it.

Will you have any skin in the game?"

The agents have no skin in the game not going full time.

I would advise decreasing your profit margin if you don't have financial skin in the game so it provides more appeal towards the partner's bottom line too.

Or the have no income doc loans where you just put in 25% skin in the game.