Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes

Credibility of ( dohardmoney) lenders, has anyone ever used this

Anthony J Grosso
Posted

I would like to know if anyone has ever used ( dohardmoney)lenders. I want to know if they are credible and legitimate. I'm about to get into a deal for a loan to flip my first home ,and they advertise that they find 100% of the loan ,closing * down payment * up to 5 months of carry payments and points . But requires a (3k ) deposit with ($2,350.00) refunded at end of deal when sold , ($650) is kept for ARV payments. I am afraid to give my only money saved and get ripped off, I am a contractor and have been doing flip homes for buyers for the last 5 years ,and I want to do my own flips ,but only have this ($3000) I'm thinking of giving them to do the deal ,and ($1000) set aside for earnest money. What are everyone's thoughts .I appreciate any insight or help.

Thanks Anthony 

Loading replies...