All Forum Posts by: Nelressa Faye
Nelressa Faye has started 4 posts and replied 12 times.
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
@Andrew Syrios Yes, that’s correct
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
@Lance BloggsThanks I appreciate it.
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
There is UFI and Whittier bank in California. Any person can get one no matter the faith or beliefs.
Originally posted by @Benjamin Piecenski:
For those curious on how Islamic Financing works, here's a great, informative article that I found really interesting. https://www.investopedia.com/articles/07/islamic_investing.asp
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
@Tiffany Griggs I’m sorry you paid interest but luckily I didn’t. (Technically it’s haram ursury for Jews and muslims) Also, I found three here in US and got pre approved, alhumdililah.
Post: Mortgage Foreclosures Surplus Funds
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
Any new information on Mortgage Foreclosures Surplus Funds in 2019? I see some places have automated the system but curious if it’s worth the money. Has any tried these: http://www.surplusfundsriches.com/support.htm (can’t find any reviews) and surpluslist.com?
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
Originally posted by @Dennis M.:
They are all going to want interest on their money . Something old allah would be most unhappy about ! People charge interest for a reason
When I lived in Dubai I received loans and paid them back but I'm not sure how it works here.
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
Originally posted by @Andrew Syrios:
Doesn't Sharia Law prohibit charging interest?
Yes that's correct. Usually, the lender should charge a flat rate upfront or something like that.
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
Originally posted by @Jason D.:
@Nelressa Faye I don't know if a Hard money lender could be sharia approved, but I do know that the University Bank of Michigan does traditional loans that are sharia approved.
This is a good resource for Islamic funding. They may be able to help as well....
https://ijaracdc.com/
Thank you for your response I will reach out to this one.
Post: Would you purchase a house that haunted?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
@Michelle Bulich No way!! There are other deals man. Lol 😂 I just had this conversation with a wholesaler near me. Everyone that bought the house had a history of suicides and when you walked in there was Satan worship signs everywhere and Bruhiya or santa something or other. Had a bad vibe. The house is still there ten years now...
Post: Anyone know any halal friendly or sharia hard money lenders?
- Specialist
- Piscataway, NJ
- Posts 15
- Votes 8
Anyone know any Halal friendly or sharia hard money lenders. If not, any lease to own lenders for income generating buy and hold deals?