FHA has announced changes of what has been know as the FHA 90 Day Rule. Basically FHA would require that an owner has been on title for 90 days prior to a new buyer being able to purchase the property...more...
We usually get queries about private lenders i.e. who they are? What they are looking for? How to get a private money loan? By the end of this blog post, you will know exactly what private l more...
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Most real estate investors rely on certain private hard money lenders for their source of funds. But getting the financing for various real estate investments can be extremely hard if you approach the more...
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Please help me to congratulate the 10 weeks of $10,000 prize winners:
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Do Hard Money is one of those few private money lenders, which provide solutions to all the private money problems. Being a nation-wide private money lender, DHM provides financing to real estate investors and investment companies, which provides real estate investors with quick, easy and creative funding solutions.
We fund asset-based private loans and require the borrower’s repayment ability rather than his past or present credit score. Do Hard Money’s management comprises of a team of enthusiastic and professional private money lenders who are fully equipped with the qualities, which can mold the complex money lending process into a simple and borrower-friendly process. We have been lending money for the past 6 years and are always aimed at our client’s success. We continued money lending during the worst crisis of the real estate industry and emerged as a popular money lending company. Private money lending is a full fledge business and needs care. We believe that the services provided by private money lenders to an investor are also an investment. Hence, if you provide good, fair and fruitful services to your client, you can increase the number of your referral points.
Do Hard Money, with its unique USPs and flexible terms is getting bigger and bigger with every passing day. This increasing size of DHM is proof of our clients’ success because money lending is a two way process. A money lender can’t be successful if there is no client. Let us add value to your business since we know your business deeply and being an experienced private money lender, value addition is our specialty.
Our unique selling proposition (USPs) includes:
It is a well known fact that the only thing which is constant is change. For example, few years back, if someone was looking for a loan then he/she has just one option and i.e. to go to a bank. But the banks used to take a lot of time for sanctioning loans, as the process involves a lot of documentation. Due to these factors, real estate investors used to suffer huge losses. But nowadays, no one can afford to waste money and therefore, the real estate investors have found an alternative in the form of private money lenders. So, banks and traditional lenders are a big NO nowadays.
The reason behind the massive success of private money lenders is their availability and swift processes. The money lending process of banks and traditional institutions is complicated and laden with massive documentation. On contrary, the private money lenders incorporate easier process but with higher interest rate due to involvement of higher risk on the money lenders’ side. The main requirement to qualify for a private money loan depends upon the ability of the borrower to pay off the loan amount. Typically, private money lenders fund a loan from 65% to 70% of the after rehab value of the real estate property and time duration for repayment of the loan is 5 years or sometimes less than 5 years. Do Hard Money has made private money lending much easier with their simple programs. You choose the loan term from 1 month to 6 months. During the initial term no payments are made. The interest accrues and is paid when the loan is paid off.For more details Private Money Lenders Colorado
Although, there are several private money lenders, who are absolutely fair in their business dealings and are aimed to make a profit by funding loans to people who might have trouble in securing their credit through traditional borrowing channels like banks and credit card companies. But few of them are dishonest and will take advantage of people who are in a financial crunch and worried for a short-term cash infusion to bridge the gap to their next source of income. So, it is advisable to select a suitable private money lender after conducting the market research.
While finding via private money lender, you may come across a pawn broker or some check cashing services. Pawn brokers fund loans using the items of personal property as collateral for the given loan. Anything let’s say jewelry or any other item of personal property can be used as collateral against the loan funded by pawn broker. The pawn brokers cost higher interest rates to the borrowers.
Check cashing services provide a loan to the based on a post-dated check from the borrower. The check cashing service will pay the borrower lesser amount as compared to the check written by him. The check cashing service thus earns a huge amount of profit when post-dated check clears in the future. So, the selection of a suitable private money lender will define the profit or loss of your investment. Be aware of the scammers.
So you may be asking yourself, how do we know if Do Hard Money is legitimate? We are AAA rated with Better Business Bureau (http://www.bbb.org/utah/business-reviews/real-estate-companies/r-wright-enterprises-pc-dohardmoneycom-in-salt-lake-city-ut-22167211) and have strived to maintain that standard every year. Please visit our website Private Money Lenders Colorado to know more about us. We haven’t stop lending even during the worst real estate financial crunch. These factors when combine with our 6 years of experience, makes us one of the trust worthy organizations in the private money lenders sector. Visit Private Money Lenders Colorado
Do Hard Money has built a reputation of one of the best nation-wide private money lenders and investment companies in the US. We provide real estate investors with quick, easy and creative funding solutions. Along with several other states, we are also serving Colorado with its financing services. Being a private money lender, we know the shortcomings of the investors and thus have designed a flexible program keeping in mind the needs of the real estate investors. Our money lending program adds value to your business and hence, helps you to make more money. For loan qualification, Do Hard Money does not require a strong credit score. We provide equity- based funding and requires some collateral just for the sake of security of funded loans. The money lending process is client-friendly in which DHM represents you in all steps and provides you updates and necessary information where needed.
In brief, when others say "NO" we say "Yes" and that makes us one of the leading private money lenders in Colorado.
Do Hard Money funds private loans with a spirit of investor’s business. We cordially welcome the serious real estate investors interested in making money through buying or fixing and flipping their real estate properties. DHM has set a goal of making a profit of 26 Million Dollars by December 31, 2012 to help its real estate investors grow. Although, there are many private money lenders in the town but we stand out because of our flexible money lending program designed for our investors and therefore, we are confident to hit our target. The goals achieved in this regard are shown on our website and we keep on updating them for our clients. If you still have some queries, please visit our website:Private Money Lenders Colorado