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Updated over 7 years ago, 09/27/2017

User Stats

5
Posts
1
Votes
Angelica Hughes
  • South Plainfield, NJ
1
Votes |
5
Posts

Dohardmoney.com- Good or bad option??

Angelica Hughes
  • South Plainfield, NJ
Posted

Hello, I am new to investing in real estate and have little money for down payment. I came across a hard money lender named do hard money (www.dohardmoney.com). I've done some research on them and the BBB has them rated as an A. I read through a handful of negative comments and some say that the company rejects the majority of the properties that the average person comes across to rehab. When this happens they loose $650 because that is what the company charges to have one of their people go out and inspect the property. Initial investment with this company is $3000 to cover that $650 as well as your good faith offer of $2350 when you find a property. Does anyone have any experience working with this company or can anyone provide feedback on going this route for my first fix and flip? Thank you!

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