As a borrower, you need to know that if you’re going out working with lenders, they’re going to ask for skin in the game. The question you have to answer is where are you going to get that?
You can get skin in the game from a lot of places. You can get it from home equity lines against primary residents. You can use cash advances against credit cards. If you’re going to do that, I would encourage you to obtain more credit cards. You can get unsecured lines of credit, either from a financial institution or from peer-to-peer lending groups. Continue Reading