Kentucky’s Hard Money Lender
If you’re ready to put in some work, DoHardMoney is available to set you on your way to financial freedom. We offer professional and beginner house flippers loans, training materials, and industry-leading software to give anyone a chance at home improvement success and significant profits to fund their next endeavor.
What Makes Do Hard Money Loans Different?
DoHardMoney is more than your average lender. We work with anyone that brings us a good deal, even if you’ve been rejected by other lenders in the past. Most of our clients come with little to no cash-to-close and we don’t require upfront costs or certain credit scores. We want to work with anyone hoping to improve their financial situation through real estate.
We offer every client access to our Find-Fund-Flip system, providing you with the training and education you need to enhance your flipping knowledge and make the most profit every time. Our online platforms feature millions of homes across the U.S. in prime locations like Kentucky and your assigned loan advisor and project manager will ensure you get the job done right.
- No minimum credit score
- No experience required
- Up to 100% financing
- Interest rates beginning at 12%
- Origination as low as 3.5%
- Lend up to 85% ARV
- Loans up to $350k
- No prepayment penalties
- No payments for 5 months
- No minimum credit score
- No experience required
- Up to 100% financing
- Interest rates beginning at 12%
- Origination as low as 3.5%
- Lend up to 85% ARV
- Loans up to $350k
- No prepayment penalties
- No payments for 5 months
True 100% financing
We will lend you up to 100% of the purchase, rehab, and loan costs. If you’ve got a profitable deal but it doesn’t quite qualify for 100% financing, we’ll work with you to figure out another source of funds.
Flexible loan programs to match any borrower’s goals
Every borrower has different needs, which is why we don’t limit you to a one-size-fits-all loan option. With over 30 different loan programs, our account advisors will work with you to get a loan that fits your specific needs, circumstances, and goals.
Industry-best risk mitigation
The process starts with our Advanced Deal Analysis software that will help you determine the viability of your deal. Your investment then undergoes a rigorous analysis to ensure it meets all requirements and is financially feasible. If everything looks good, we can move forward with funding your deal. You will then be assigned a loan advisor and project manager to help you all the way through the rehab and through the completed sale.
Deals Kentucky Hard Money Loans Are Used For
Hard money loans from DoHardMoney offer you a number of property investment options, like:
Fix and Flip Loans
Fix and flip loans are the most common request we receive in Kentucky. Use this loan to find rundown, low-cost homes, fix them up, and resell the property for a major profit.
The BRRRR Method
Also known as the BRRR Method, this investment allows you to buy, rehab, rent, and refinance — and repeat, if you want. Instead of making a one-time profit, this method allows your rental to become a new stream of income, which you can use to fund your lifestyle or invest in new properties, further maximizing your sales.
Wholesale Real Estate
Wholesale real estate is a similar process to fixing and flipping, but you don’t have to do the work. Instead, you assign the contract to another investor and the investor pays you for finding the property for them. This usually occurs when you can’t take on the deal yourself or the property is in significant disrepair and requires more intensive work than your average flip.
Why Flip Houses in Kentucky?
In Kentucky, houses for sale and rental prices have been steadily increasing and an influx of population growth has made the state the perfect seller’s market. When people move in from out of state, the last thing they want to do is spend time updating their property and completing a bunch of renovations before they can move in.
That’s where flippers like you come in. With funding assistance from DoHardMoney, you can swipe up a property when priced at its lowest, flip it, and then sell it for top dollar, ensuring you get the highest profit.
10 Most Popular Areas to Invest in Kentucky
- Louisville
- Lexington
- Bowling Green
- Owensboro
- Covington
- Richmond
- Georgetown
- Florence
- Nicholasville
- Elizabethtown
Fewer barriers for new investors
The lending system is broken. With most lenders you’ll need good credit and lots of money to flip houses. That is why most people who want to get started can’t do it.
That’s not how we work. We believe that everyone should have the opportunity to build financial security for themselves. While we lend to experienced investors, a large percentage of our borrowers come to us because we make flipping your first deal possible.
Motivated Sellers in Popular Counties
Ever wondered what potential there is for finding investment deals in Kentucky? We’ve compiled the data for you for the two most popular areas to invest in Kentucky and provided heatmaps showing the estimated total property value, estimated value per square foot, and the 1-year price growth… these provide excellent insights into where to invest in the area.
All property counts below are single-family residential (SFR) that have been owned for at least 1 year with at least
30% equity and an estimated value of less than $500K as of 25 Aug 2021.
Jefferson County
Vacant | $5K+ Liens | Bankruptcy | Out of State Owners | Non-Owner Occupied | Preforclosure | Failed MLS Listings |
19,907 | 2,947 | 5,512 | 12,384 | 71,098 | 66 | 9,874 |
Fayette County
Vacant | $5K+ Liens | Bankruptcy | Out of State Owners | Non-Owner Occupied | Preforclosure | Failed MLS Listings |
915 | 20 | 520 | 1514 | 16455 | 7 |
About DoHardMoney
Our CEO, Ryan G. Wright, began investing in real estate in 2001. Since then, he’s flipped hundreds of deals and been involved in every type of real estate transaction imaginable. With a currently active real estate investor leading us, you’re working with a company that understands the real challenges you face in getting funding and completing deals.
Hard money lenders typically have a background purely in finance. However, we provide experience and resources to teach you how to find deals, market them, negotiate the prices, and close on these properties before getting funding.
Request a Hard Money Loan Today
Whether this is your first time exploring flipping or you’ve got years of experience, DoHardMoney is ready to help. We’ll give you all the tools and support you need to turn your deal into a profitable experience. We guarantee we’ll fund every good deal that comes across our desks, regardless of your experience level or current financial state. Submit your request for funding today!