All Forum Posts by: Paula Wallace

EVERYBODY STOP GIVING A DAMN ABOUT THE GOOD NEWS I HAVE AND TRYING TO GO AGAINST IT. IF YOU DON'T AGREE DO WHAT YOU ARE SUPPOSED TO DO AND KEEP MOVING. THE PROBLEM IS EVERYONE ALWAYS HAS SOMETHING TO SAY. IF YOU DON'T AGREE OR SECOND GUESS THIS COMPANY, FINE. They tell you that to get started in anything is that you have to take risks, so guess what sit there and don't get anything done.

Yes, you are entitled to your opinion, but I'm not going to sit here and explain myself and this company to you because in the end NONE OF YOU have my interest at heart.

THE POINT IS THAT I MADE MONEY and I now have EXPERIENCE IN THIS!! Do you know how many fellow investors cannot say that???

Originally posted by @Bryan Devitt:

Originally posted by @Paula Wallace:

Originally posted by @Joe Threats:

I'm using them now as well. Haven't found the property yet that I can get the 100% financing on yet, but it's coming! Could you walk us through your numbers?

I had a house purchase price was $70,400, had renovations of $50,000, we sold it for $220,000. We had to pay the closing costs and insurance, that was it around $5k total (give or take).

You made $50k profit?
$220k - 70k - 50k - 50k= $50k - closing costs, carrying costs and commission and they charged you … ? $30-40k to borrow $120k? Was it a 1 year rehab?

2 Votes

Hey David,

I have never gotten paid from them. This is not an advertisement but a fact as I have stated before. I even did a Youtube video exclaiming everything that I have ever said. Terms do not matter. Everybody has to make money. As long as I do as well, I am willing to pay everybody that needs to be paid. That includes a wholesaler, real estate agent, contractor, broker, title company and anybody else in between. The moment you get greedy is the moment that karma is going to take everything away from you because you don't have the ethical or moral mindset to do anything besides what's in your favor. All of these lenders out here always tell you they will do something and guess what they are lying through their teeth. So at a time when I was tired of everybody lying about what they can offer me. DHM was the ONLY lender that gave me an opportunity to say that I have 3 flips under my belt (experience) AND 3 rentals, because they gave me the chance to obtain and do them. So hey, if this sounds like advertising to you, oh well and good luck.

Originally posted by @David Friedman:

@Paula Wallace

Your posts sound like advertising to me. Are you being paid to make these posts?

I've never heard an investor say: "Terms don't matter to me.."

Your posts are misleading. Any new people to real estate, be careful of people like this. As for the company you are hocking, I cannot speak for how good of a HM lender they are, but if they did pay you to make these posts, you're surely hurting their image.

1 Vote

Originally posted by @James Johnston:

Has anyone ever done a successful fix and flip with dohardmoney.com??

Hi James,

I have done 2 flips with Do Hard Money. I am currently looking to submit a 3rd. I have done 3 flips all together. They don't over think the risk factors. They were the cheapest when it came to any down payment which the least I had to pay was $1500 for cash to close. Let me know if I can help you out in any way or give you pointers.

2 Votes

Originally posted by @Quintin Gulley Jr:

@Paula Wallace Hey do they lend to people in California

If you go to their website you will see their map that shows where the lend. Almost everywhere.

0 Votes

Originally posted by @Joe Threats:

I'm using them now as well. Haven't found the property yet that I can get the 100% financing on yet, but it's coming! Could you walk us through your numbers?

I had a house purchase price was $70,400, had renovations of $50,000, we sold it for $220,000. We had to pay the closing costs and insurance, that was it around $5k total (give or take).

1 Vote

Originally posted by @Tyson Dierschke:

Congrats Paula! Just curious, are these deals you found on your own? They mention they have tools to help you find deals. Did they help you or did they come from somewhere else?

Sorry for the late reply Tyson. I did find these on my own. I use the MLS. I know a lot of investors are against. But you can still find a good deal on there and when you have an agent that works you will be surprised the deals that get accepted.

2 Votes

Originally posted by @Pedro Hardy:

@Paula Wallace who was your contact there and are they national?

Hi Pedro,

My initial contact was Sean Smith with Do Hard Money. They are in almost all states. There is a map on their website.

1 Vote

Originally posted by @Lazaro D Masot:

@Paula Wallace Congratulations on your success no matter what the terms were, I’m pretty sure it was a positive outcome and you made it happen. I also want to thank you because I have not made any deals yet, due to that I do not have any funds on my side to start, but I’m looking for ways to step in the water with this business and you just got me another source to do it. I got in touch already with a local realtor and she is going to connect me to a lender, I should be receiving an answer by tomorrow, but if nothing comes up from that I will continue to fight for my goals. Keep up the good work!

If you would not mind working together we can join up on some deals. Maybe one of the potential properties you have can be used. Message me if its a thought. We need to work together especially to start out. It is so hard. It took me 2 years before I was even able to really get my feet wet. Too many negatives in this business and not enough positive. Keep your head up and don't give up!

2 Votes

@Luke Carl It is not an advertisement. It is the truth. People need to know. I would not have any success in this business if they did not give me the chance to start in this business while nobody else would give it.

1 Vote

@Tabitha Finley No they don't, they base all factors on the property.

2 Votes

All Forum Posts by: Paula Wallace

Paula Wallace has started 12 posts and replied 55 times.

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Has anyone ever done a successful fix and flip with dohardmoney??

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!

Post: Just SOLD my 2nd deal with DoHardMoney.com!!!