Is Do Hard Money legit?

[Alec Rosario]

This would be my absolute first flip and I've already identified a property that is selling for $50k, and the literal next door over was just bought for $65k and sold for $125k 3 months later.

My Question is: I'm preapproved with Do Hard Money who is offering to give me for my first flip 70% of the ARV. They're offering 5.5 Points on the project and 1.25% interest per month on the money. I have to only put down a $3,000 Down Payment which, after the entire project is done they'll refund me $2,350. Otherwise, the only other money I'll have to put down is earnest money.

They say that they'll fund 100% of the Purchase and Rehab costs if it's under 70% of ARV. Is this a good deal? Is this normal?

[Ebonne Davis]

@Alec Rosario

I am in the process of closing my 1st deal on our first flip property. I can only say the best things thus far of DHM. With every concern, question, uncertainty they have been right there to walk me through and get me over the tight rope. I would hope they speak so highly of me... lol. I can be a hand ful!

My application process went smooth and yes we paid the sign up fee for the 100% financing,

Yes we have an adviser,

Yes we have a project manager.

Yes we have access to 3 deals at a time,

Yes the 1st evaluation is free and we have to pay for the others, I made sure to ask every question there is. And I am still finding questions to ask.

All I can say if you're afraid to spend some money and Jump, DHM and or any other HM lender private financing may not be for you. I appreciate a company taking a chance on us. And in the end we are all making some money!

The motto is find a great deal.... A great deal is not just what the profit is, but all of the cost included. I located a property in Balto, MD- 21215 through my realtor, I offered less than asking, asking price was 75k I contracted it for 68k, paid 1k EMD, needs a complete reno budget is 30k. I determined ARV was 178k, evaluators came out and estimated 189-190k(winning)!! No payments for 5 months

Property evaluation APPROVED!

Its all in the numbers,

Getting into Investing I've learned so much from DHM in the last 30 days.

Numbers don't lie people do......

My husband and I are waiting for our final step to process. tentative closing date 09/24/18

I will keep you guys updated!

"the individual who say's it is not possible should move out of the way of those doing it"~ Tricia Cunningham