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Updated over 5 years ago on . Most recent reply

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9
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Ben Hidalgo
  • Lafayette Louisiana
4
Votes |
9
Posts

Looking for feedback on the lending company, Do Hardmoney.

Ben Hidalgo
  • Lafayette Louisiana
Posted

Looking for information on the company Do Hardmoney. Has anybody work with them and what are your reviews

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,849
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42,680
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
lots of threads on the company.  and conflicting information.

IE  no money down loans.

some BP members say to get those loans you must buy their education package for 3k  up front.

other members say its not necessary.. and the company sometimes says that

some members report its a very hard sell to get you to put that 3k on your credit card.

some members say the 3k is given back to you in the first deal you do.

some members report back that try as they might deals are never good enough for DHM and they lost the 3k.

there are reports of others saying they used the company and they were successful.

Its not common for lenders to charge a big up front fee..  but lenders also want cash down.

so to get a 100% funded deal its got to be a screaming deal other wise it wont cut it at underwriting and so those with no money to put down and beginning find it difficult to find those deals in todays market.. so they end up being out 3k

so its not nothing down its 3k down until you get a deal . plus you should check i believe there is a submission fee.

others have reported this site that they paid the 3k and paid multiple submission fee's and never got funded. so they are out thousands for this no money down loan.

now to be fair and balanced i dont blame the lender for being very tight on underwriting .. but its Caveat Emptor for sure.



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JLH Capital Partners

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