The borrower has to have skin in the game.I don't think you will have much success asking lenders to lend on appraised value and essentially allow buyers to purchase no money out of pocket.

They want you to have skin in the deal.

In any other deal a lender is going to want to see "skin in the game".

I would need skin in of 10%.

Any attorney is also skinning you to execute a lease or an option, would you take a standard purchase contract to an attorney to simply execute it?

Some will want some of your skin in the game, some would lend the $65K.

In conclusion, I would still look in the hood for the right deals, you just gotta have thick skin!

Shell out 10's of thousands to a turnkey seller, who has no skin in the game, and makes his/her money up front, will pass the buck and give excuses should things go wrong, or shell it out to a local investor, who has found the property, has their own $$ in the deal, and doesn't want a foreclosure on their record.Then there are joint ventures, discounted mortgages, a whole bunch of ways to make cash flow.

(This is my first income property analysis, so be gentle…LOL)Asking price- $130,000Down Payment $5,000 (3.85% I know not much skin in the game)Required maintenance $0 (I am not naïve enough to believe this, but haven’t gotten any concrete data to refute this claim (By the owner).

One of his ideas was to break the loan into somewhat 2 loans: The first being a % of the Down Pmt that is personally guaranteed and will be paid off first giving owner the 'skin' in the game so to speak...Its all wrapped into one but a small portion is personally guaranteed.He said he didn't need money down either but when you get down to it, putting a little down solves the problem.