Based on looking at the website dohardmoney.com, which has been rebranded to TheInvestorsEdge.com, the platform primarily focuses on real estate investing, specifically house and land flipping, by offering educational courses, software tools, and funding options.
However, a significant concern arises with their “Hard Money Loans” and “Gap Financing Ideas” which are clearly interest-based financial products.
In Islamic finance, transactions involving interest riba are strictly prohibited, as they are considered exploitative and unjust.
Therefore, while the educational and software components may seem appealing, the core funding mechanism offered by DoHardMoney.com now TheInvestorsEdge.com is not permissible.
This necessitates a strong recommendation against engaging with their lending services due to this fundamental ethical conflict.
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Here’s an overall review summary:
- Website Name: dohardmoney.com rebranded to TheInvestorsEdge.com
- Primary Service: Real estate investing education, software, and funding for house/land flipping.
- Key Concern: Offers “Hard Money Loans” and “Gap Financing Ideas” which are interest-based.
- Islamic Ethical Standing: Not permissible due to the inclusion of interest riba.
- Recommendation: Strongly discouraged for Muslims and those seeking ethical financial practices.
- Alternative Focus: Seek out platforms and services that offer genuinely halal interest-free financing and real estate investment strategies.
The platform aims to guide users through finding, funding, and flipping real estate.
They outline a four-step process involving webinars, 1-on-1 consultations, guided flipping, and repeat transactions.
They provide various resources like deal-finding software, property analysis tools, and success stories from members.
While the idea of real estate investment can be beneficial, the method of funding, particularly through interest-bearing loans, renders DoHardMoney.com incompatible with Islamic principles.
It’s crucial for individuals to understand that any perceived short-term financial gain from interest-based transactions is ultimately detrimental, both spiritually and often practically, leading to systemic inequality and instability.
True prosperity is found in ethical dealings and avoiding usury.
Best Ethical Alternatives Real Estate & Financial Tools:
- Ameen Housing Cooperative: Offers Sharia-compliant home financing solutions in the US, focusing on co-ownership models to avoid interest.
- Guidance Residential: A leading provider of Sharia-compliant home financing in the US, using diminishing musharakah co-ownership and ijara leasing structures.
- Lariba Bank: One of the few Islamic financial institutions in the US offering various Sharia-compliant banking and financing products, including real estate.
- Zoya App: A comprehensive app for screening stocks and investments to ensure they are Sharia-compliant, helping investors build ethical portfolios.
- Islamic Finance Guru IFG: An excellent resource for articles, guides, and advice on ethical investing, halal finance, and Sharia-compliant business practices. While not a direct service provider, it’s invaluable for education.
- Amanah Ventures: Focuses on ethical venture capital and investment opportunities in tech and other sectors, often connecting investors with Sharia-compliant startups.
- Wealthsimple Halal Investing: While primarily based in Canada, it offers a halal investing portfolio option for those looking to invest in Sharia-compliant stocks and ETFs, providing a passive investment alternative. Note: Check for US availability or similar services in the US market.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Unpacking DoHardMoney.com’s Offerings: A Critical Look
DoHardMoney.com, now operating under TheInvestorsEdge.com, presents itself as a comprehensive solution for real estate investors, particularly those interested in house and land flipping.
Their platform integrates educational courses, proprietary software tools, and, crucially, funding mechanisms.
While the concept of real estate investing itself is permissible and even encouraged in Islam when done ethically, the devil, as they say, is in the details—specifically, the funding models.
The website explicitly advertises “Hard Money Loans” and “Gap Financing Ideas,” which are inherently interest-based, a practice strictly prohibited in Islamic finance.
This immediately flags the core financial aspect of their offering as problematic from an ethical standpoint. Ifinwiki.com Review
dohardmoney.com Review & First Look
When you first land on dohardmoney.com, the immediate impression is one of efficiency and promise.
The headline “We Help You Find, Fund, And Flip Real Estate” sets a clear agenda.
They emphasize a straightforward 4-step process: watching a webinar, a 1-on-1 consultation, finding and flipping together, and finally, getting paid and repeating the process.
The site is well-organized, with clear navigation leading to sections on courses, software tools, calculators, and funding.
However, a deeper dive reveals the fundamental flaw for ethically-minded individuals: Techozens.com Review
- Transparency: The website is quite transparent about its services, including the rebranding to TheInvestorsEdge.com. This is a positive for clarity.
- Ease of Navigation: The menu structure is logical, making it easy to find specific information on courses, software, or funding.
- Focus on Profit: The site heavily emphasizes potential profits, showcasing testimonials with high earning figures e.g., “$80,000 to $100,000 profit”. While attractive, this focus, coupled with interest-based funding, raises red flags regarding the underlying principles.
- Rebranding: The explicit mention that “DoHardMoney.com was rebranded to TheInvestorsEdge.com” in 2023 indicates a strategic shift to encompass a broader range of services beyond just hard money lending. However, the core funding method remains unchanged.
dohardmoney.com Pros & Cons
Given the ethical considerations, focusing solely on the “cons” related to the impermissible nature of their financing model is paramount.
Any “pros” related to their efficiency or educational content are overshadowed by this fundamental issue.
- Cons:
- Interest-Based Lending Riba: The primary and most significant con is their reliance on “Hard Money Loans” and “Gap Financing Ideas,” which are by definition interest-bearing. This directly violates Islamic principles that prohibit riba usury. Any involvement with such transactions carries severe spiritual and ethical implications.
- Promotion of Unethical Financial Practices: By offering and facilitating interest-based loans, the platform promotes a financial system deemed unjust and exploitative in Islam. This goes beyond mere participation to actively encouraging others to engage in prohibited dealings.
- Potential for Financial Burden: While they promise high profits, interest-based loans can lead to significant financial burdens, especially if market conditions shift or projects face delays. The unpredictable nature of flipping, combined with accruing interest, can trap individuals in debt cycles.
- Misleading “100% Funding”: While they claim to fund “up to 100% of great deals,” the fine print often reveals requirements for initial capital or specific deal characteristics. Moreover, even 100% funding is still interest-based.
- Lack of Sharia-Compliant Alternatives: The website does not offer any Sharia-compliant financing alternatives, making it unsuitable for Muslims seeking to invest ethically.
dohardmoney.com Alternatives
For those genuinely interested in real estate investment while adhering to Islamic principles, the focus must shift entirely away from interest-based models.
The alternatives are not mere substitutes but represent a fundamentally different, ethical approach to finance and wealth creation.
- Ameen Housing Cooperative: Specializes in interest-free home financing through cooperative ownership. Instead of loans, it’s about shared equity and rental agreements.
- Guidance Residential: A well-established provider of Sharia-compliant home financing, utilizing models like Diminishing Musharakah partnership to avoid interest. This is a robust alternative for residential real estate.
- Lariba Bank: Offers various Sharia-compliant financial services, including real estate financing, based on trade and partnership principles rather than interest.
- Zoya App: While not a financing provider, Zoya helps investors screen stocks and investments for Sharia compliance. This is crucial for building an ethical investment portfolio in general.
- Islamic Finance Guru IFG: An excellent educational platform offering comprehensive resources on halal investing, ethical business, and Sharia-compliant financial products. It’s a go-to for understanding permissible financial strategies.
- Amanah Ventures: Focuses on ethical venture capital, connecting investors with Sharia-compliant businesses and projects, providing a path for direct ethical investment beyond traditional loans.
- Wealthsimple Halal Investing: Offers managed halal investment portfolios. While they are a Canadian platform, similar services or principles can be explored for US-based investors, or directly if available. It emphasizes investing in publicly traded Sharia-compliant assets.
The core principle here is to seek out financial institutions and platforms that operate on principles of risk-sharing, asset-backed transactions, and genuine partnerships, completely devoid of interest. Priminox.com Review
How to Navigate Real Estate Investing Ethically
Given that DoHardMoney.com’s core offering involves interest, it’s essential to understand how real estate investing can be done ethically. This involves avoiding conventional loans and focusing on Sharia-compliant structures.
- Understanding Sharia-Compliant Real Estate Finance:
- Murabaha Cost-Plus Financing: The bank buys the property and then sells it to the client at a mark-up, payable in installments. Ownership transfers to the client immediately.
- Ijara Leasing: The bank buys the property and leases it to the client for a specific period, with ownership eventually transferring to the client at the end of the lease.
- Musharakah Mutanaqisah Diminishing Partnership: The bank and the client co-own the property. The client gradually buys the bank’s share over time, reducing the bank’s ownership until the client owns 100%. This is often preferred for home financing.
- Cash Purchases: The most straightforward and undeniably halal method is to buy properties outright with cash. This eliminates any debt or interest concerns.
- Finding Halal Investment Opportunities:
- Look for properties that generate halal income e.g., residential rentals, ethical commercial spaces.
- Avoid properties associated with haram activities e.g., bars, gambling dens, adult entertainment.
- Consider equity partnerships where profits and losses are shared based on mutual agreement, rather than fixed returns or interest.
- Education and Due Diligence:
- Educate yourself thoroughly on Islamic finance principles. Resources like Islamic Finance Guru IFG are invaluable.
- Consult with qualified Islamic scholars or financial advisors who specialize in Sharia-compliant investments.
- Perform meticulous due diligence on any investment opportunity to ensure it aligns with both financial goals and ethical standards. This includes understanding market conditions, property valuations, and potential risks.
By prioritizing ethical adherence over conventional quick gains, individuals can build sustainable and blessed wealth through real estate.
The initial effort to find Sharia-compliant solutions is a small price to pay for peace of mind and true prosperity.
dohardmoney.com Pricing and Business Model
While DoHardMoney.com TheInvestorsEdge.com doesn’t publicly list a fixed pricing structure for its “membership” or “funding” without a consultation, their business model is clear: they offer educational courses, software, and primarily, interest-based loans to facilitate real estate flips. The “pricing” isn’t a simple fee. it’s the cost of their membership, which likely varies based on the level of access to tools and support, plus the interest rates and fees associated with their hard money loans.
- Membership Model: The website frequently mentions “membership” and encourages a 1-on-1 consultation to “discuss the best membership for you.” This suggests a tiered subscription or package-based service, offering varying levels of access to their courses, software, and expert guidance.
- Loan-Based Revenue: Their primary revenue stream from the “funding” aspect would be the interest charged on the hard money loans. Hard money loans typically carry higher interest rates than conventional bank loans, reflecting the higher risk associated with short-term, asset-backed lending. Rates can range from 7% to 15% or even higher annually, often with additional origination fees points that can be 2-5% of the loan amount.
- Profit Sharing Implied: While they don’t explicitly state profit sharing with members, the language “help you fund and flip multiple deals at a time” and “Get Paid & Repeat” implies a collaborative model where the member keeps the profits from the flip, after repaying the loan with interest and fees. The average member profit statistic of $47,884 per flip based on their 2021-2022 data is presented as a gross profit before the full financial implications of the interest and fees are highlighted in simple terms.
- No Free Trial for Core Services: The website emphasizes a “free 1-on-1 consultation” and a webinar, but there’s no mention of a free trial for their full membership or software. The consultation seems to be the gateway to understanding their offerings and associated costs.
- Hidden Costs/Complexity: As with most financial services, the total cost involves more than just the advertised membership fee. It includes loan origination fees, closing costs, appraisal fees, and, most significantly, the interest accrual over the loan term. This complexity makes it difficult for a casual visitor to gauge the true financial commitment without going through their consultation process.
From an ethical perspective, the business model hinges on the provision of interest-based loans, making it fundamentally problematic. Aeroparkverona.com Review
Even if the educational content is valuable, the entanglement with riba makes it a non-starter for those adhering to Islamic financial principles.
DoHardMoney.com vs. Ethical Investment Platforms
Comparing DoHardMoney.com TheInvestorsEdge.com with genuinely ethical investment platforms highlights a stark contrast in foundational principles and operational models.
-
DoHardMoney.com TheInvestorsEdge.com:
- Model: Education, software, and interest-based hard money loans for real estate flipping.
- Funding Mechanism: Riba interest is central to their lending.
- Risk: Borrower takes on interest-bearing debt, regardless of project success. High interest rates can quickly erode profits or lead to significant losses if the flip doesn’t go as planned.
- Ethical Stance: Not compliant with Islamic finance due to riba.
- Transparency Loans: While they state they offer hard money loans, the specific interest rates and all associated fees are not upfront on the public website, requiring consultation.
-
Ethical Investment Platforms e.g., Ameen Housing, Guidance Residential, Lariba Bank:
- Model: Sharia-compliant home financing and investment solutions.
- Funding Mechanism: Based on principles like Murabaha cost-plus sales, Ijara leasing, or Musharakah Mutanaqisah diminishing partnership, avoiding interest.
- Risk: Risk-sharing models where parties share profit and loss, or asset-backed transactions where the financier takes ownership first.
- Ethical Stance: Strictly compliant with Islamic finance principles.
- Transparency Fees: Ethical platforms often have clear fee structures based on legitimate services, not interest. While still complex, the underlying contracts are designed to be Sharia-compliant.
The key differentiator is the fundamental approach to generating returns. Middecco.com Review
DoHardMoney.com profits from lending money with interest, which is forbidden.
Ethical platforms profit from legitimate trade, leasing of assets, or genuine risk-sharing partnerships, which are permissible.
For any individual prioritizing ethical finance, the choice is clear: avoid platforms built on interest and seek out those founded on principles of justice and equity.
The Problem with Hard Money Loans in Islam
The term “Hard Money Loans” might sound like a straightforward financing option, but from an Islamic perspective, it’s problematic because it fundamentally involves riba interest. Riba is explicitly prohibited in Islam, considered a grave sin that undermines economic justice and social equity.
- Definition of Riba: Riba, often translated as usury or interest, refers to any excess or increase received over the principal sum in a loan or debt transaction. It’s not just about excessive interest rates. even a minimal interest charge falls under the prohibition.
- Why is Riba Forbidden?
- Injustice and Exploitation: Riba exploits the needs of the borrower, allowing the lender to profit merely from the passage of time without undertaking any real risk or productive effort.
- Wealth Concentration: It leads to wealth accumulating in the hands of a few, widening the gap between the rich and the poor.
- Economic Instability: Interest-based systems often contribute to economic bubbles, debt crises, and financial instability because they incentivize excessive borrowing and unproductive speculation.
- Spiritual Harm: Beyond financial consequences, engaging in riba is seen as a direct disobedience to divine commands, affecting one’s spiritual well-being.
- Application to Hard Money Loans: Hard money loans are typically short-term, asset-backed loans provided by private investors or companies like DoHardMoney.com at high interest rates. They are often used for real estate purchases or flips where conventional financing is unavailable or too slow. The high interest rates and fees associated with these loans are clear forms of riba.
- The Islamic Alternative: Instead of interest, Islamic finance promotes risk-sharing and asset-backed transactions. For real estate, this means models like:
- Musharakah Partnership: Two or more parties contribute capital and share profits and losses based on pre-agreed ratios.
- Murabaha Cost-Plus Sale: The financier buys the asset and sells it to the client at a pre-agreed markup.
- Ijara Leasing: The financier leases the asset to the client for a fee.
In conclusion, while DoHardMoney.com offers what might seem like a convenient path to real estate investing through its hard money loans, its reliance on interest makes it an impermissible option for Muslims. Fci-ccm.com Review
The promise of profit should never override the fundamental ethical principles that govern our financial dealings.
There are viable, ethical alternatives that align with Islamic values, promoting a just and balanced economic system.
FAQ
What is DoHardMoney.com?
DoHardMoney.com, now rebranded as TheInvestorsEdge.com, is an online platform that provides educational courses, software tools, and funding solutions primarily for individuals interested in house and land flipping real estate investments.
Has DoHardMoney.com been rebranded?
Yes, DoHardMoney.com was officially rebranded to TheInvestorsEdge.com in 2023, as stated on their website.
What kind of funding does DoHardMoney.com offer?
DoHardMoney.com offers “Hard Money Loans” and “Gap Financing Ideas” to help investors fund their real estate flips. Mywebaccountants.com Review
These are typically short-term, asset-backed loans.
Are Hard Money Loans permissible in Islam?
No, Hard Money Loans are not permissible in Islam because they involve the charging and payment of interest riba, which is strictly prohibited in Islamic finance.
Why is interest riba forbidden in Islam?
Interest riba is forbidden in Islam because it is considered an unjust and exploitative practice that leads to wealth concentration, economic instability, and spiritual harm.
Islamic finance promotes risk-sharing and asset-backed transactions instead.
What are ethical alternatives to Hard Money Loans for real estate investment?
Ethical alternatives include Sharia-compliant financing models like Musharakah Mutanaqisah diminishing partnership, Murabaha cost-plus sale, and Ijara leasing offered by Islamic financial institutions, or simply purchasing properties outright with cash. Power-miner.com Review
Does DoHardMoney.com offer Sharia-compliant financing?
Based on the available information on their website, DoHardMoney.com TheInvestorsEdge.com does not offer any Sharia-compliant financing options.
Their funding model is based on interest-bearing loans.
What types of educational content does DoHardMoney.com provide?
They offer courses like “Find Fund Flip System For Houses” and “Find Fund Flip System For Land,” along with “Investing 101” for beginners, covering aspects like finding motivated sellers, estimating costs, and calculating profits.
What software tools are available on DoHardMoney.com?
The platform offers “The Investor’s Edge Software,” “Proof of Funds,” “Next Property Roadmap,” and various calculators such as the “Advanced Deal Analyzer,” “ARV Calculator,” and “Mortgage Calculator.”
Can I invest in real estate with DoHardMoney.com if I have no experience?
Yes, DoHardMoney.com states that they work with beginners and have systems in place to guide first-time flippers through the process, including education, software, and funding. Slidr.com Review
What is the average profit members claim to make with DoHardMoney.com?
According to their disclaimer for 2021-2022, the median customer profit for those who purchase their program, find a qualified property, and obtain a loan is $47,884 per flip.
How much money do I need to get started with DoHardMoney.com?
While they claim to fund “up to 100% of great deals,” they recommend having around $10,000 or more for more flexibility in closing deals.
Does DoHardMoney.com operate in all U.S. states?
No, The Investor’s Edge offers its membership for finding, funding, and flipping properties in 45 out of 50 states in the United States, excluding California, Nevada, Utah, Alaska, or Hawaii due to legal constraints.
How does DoHardMoney.com’s business model work?
Their business model involves selling memberships for access to their educational courses and software, and primarily, generating revenue through the interest and fees charged on their hard money loans.
Is there a free trial for DoHardMoney.com’s services or software?
The website mentions a “free 1-on-1 consultation” and a webinar to learn about their services, but there is no explicit mention of a free trial for their full membership or software. Dreamsvoyager.com Review
How does DoHardMoney.com compare to traditional real estate financing?
DoHardMoney.com offers faster, more flexible financing than traditional banks, often at higher interest rates.
However, unlike traditional banks, their core funding mechanism is explicitly based on interest, which is a major ethical concern.
What is the “BRRR Method” mentioned on DoHardMoney.com?
The BRRRR Method stands for Buy, Rehab, Rent, Refinance, Repeat, which is a real estate investment strategy that involves buying a distressed property, renovating it, renting it out, refinancing it to pull out equity, and then repeating the process.
Does DoHardMoney.com provide support or a team of experts?
Yes, the website mentions that as a new member, you get trained, and their “team of experts will guide you through the entire process.”
What is the Investor’s Edge Software?
The Investor’s Edge Software is a proprietary tool offered by DoHardMoney.com now TheInvestorsEdge.com designed to help members find off-market properties to flip and analyze deals. Fadsan.com Review
Is DoHardMoney.com suitable for long-term real estate investments?
DoHardMoney.com primarily focuses on short-term “flipping” strategies buying, renovating, selling quickly. While their resources might offer some general investment knowledge, their core funding model via hard money loans is not typically geared towards long-term, passive real estate investments like buy-and-hold rentals.
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