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Private Lending & Conventional Mortgage Advice

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Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
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243
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Does anyone have experience with the lender DoHardMoney?

Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
Posted Dec 27 2017, 19:38

Hey guys, I am considering to get involved in flipping and using DoHardMoney as the primary initial lender to get in.

They ask for a deposit of $3,000 upfront out of which they would take $650 for every evaluation they do for you on a house (inspection, appraisal)

The balance of that you would get back after they get their money back.

I guess what I'm worried about is giving them my money and them not responding. I've talked to a representative and he was informative in answering and addressing all my concerns. I do want a heads up from anyone that has used them and had great results or if anyone had anything that had gone wrong and I should be wary about. 

They did give me a Title company nearby to look into that was involved with them on a transaction which I will call tomorrow to verify.

Any suggestions?

Thank you! Happy Holidays!

  • Real Estate Agent Virginia (#0225241422)

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