Need money for latest flip Do Hard Money.com

[Derrick Snowden]

Hey Guys

This is my first post Derrick from Baltimore, I'm a experienced property developer and the owner of Snowden Property Management. I would like to know if anyone has experience with Do Hard Money.Com  I have been trying to make up my mind if I want to use the loan service.

Derrick for Bmore

[Jay Hinrichs]

@Cody L. this company is pretty controversial with us in the HML business..

they are half guru and half lender.. they charge a refundable 3k fee up front but couch it in the giese of its training material...

the feedback on BP over the years is that then you have to spend another 800 per submission etc etc and many submissions get turned down.. most of the folks that gravitate to this company are the NO money no experience ergo very limited capital.. and have a hard time finding a deal that fits their perramiters.. folks spend the 3k  then make a submission or two that is turned down .. they are in it 5k and if you don't close a loan you lose the money..

Great model for the company you make 3k for app fee's  regurgitate material that is available to all.

a local HML in most cases would be better.. and those that have no capital are entering a transaction with a ton of risk and should raise some capital before they venture into flipping.

Or better yet do as you say and family and friends to start get track record..

then they can go to any myriad of HML who's rates have really come down.. Lendinghome you can get 10% apr money not 20% plus like D H M

that's a synopsis of the posts I have read over the years about this company.

Most HML only charge for appraisal and maybe credit report all other fee's are earned at closing .. this company makes 3k up front..