WEST JORDAN, Utah, June 24, 2019 /PRNewswire-PRWeb/ -- Do Hard Money recently reviewed the data pertaining to the hard money loans extended specifically for house flippers. This information showed that the average profit for a house flipper working with a DHM loan was $33,578. This figure was determined after calculating all loan, holding and selling costs and any cash to close that the borrower needed to bring. The average loan extended was $185,000.
Closing costs incurred by DHM borrowers were revealed to be the following : the average closing costs for these house flipping loans was less than $6000, with just over 26% of borrowers needing less than $2000 and 18% requiring less than $500.
Ryan G. Wright, CEO and founder of Do Hard Money was excited to share the news with his team and borrowers. "This exciting data review confirmed for us what we have long suspected. Which is that we are able to help first time house flippers find and complete good deals with our programs and funding."
Complete details of the data review and results are available on the company website here.
DoHardMoney was founded as a resource for first time real estate investors to give them access to the capital and training they need to get their real estate business started. DHM filled a need in that market because most lenders require experience before funding a deal. Additionally, DHM provides these new investors with the formulas and resources used by its founder, Ryan G. Wright, to make money during the real estate market during the downturn of 2007-09. DHM makes funding available in 31 states as well as D.C. for real estate investors of all experience levels.
SOURCE DoHardMoney.com
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