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Investor
When investing in hard money loans, it is critical to thoroughly screen borrowers, their experience and their success. Open Door Lending has a proven track record of lending to experienced borrowers who make a business of finding properties to purchase at a discount, improving these properties where needed, and selling them at a profit. We lend to skilled businesses who purchase properties below market value, due to the condition they are in or at foreclosure sales with the goal of reselling them for a profit. Because the ultimate intention is to re-sell the property, most of the fixing (in the case of fixer-uppers) is completed in less than 8 months, allowing investors to recover their money in a short period of time.