I feel very silly because several people on warned me NOT to do business with! The only reason I didn’t listen was because I had already forked over my $3,000 “deposit” and when I posted my ad on the Bigger Pockets site, DHM immediately contacted me and they told me that if I would withdraw my post from they promised they would “make good” on their promises. | They did not! | I have purchased a property through them and it is the WORST NIGHTMARE I have ever experienced!!! Immediately after we closed escrow on the house, they informed me that they had “changed their policy” and they no longer give the money to their borrowers. Can you believe it??? They ONLY pay workers and contractors DIRECTLY through an ACH transfer. Well, I live in Georgia, and even some of the licensed contractors I use don’t have checking accounts. | These IDIOTS think that I can hire hourly workers, have them fill out an “invoice” (which must be a typed, “official” invoice), have the workers wait 3 to 4 weeks to receive their checks, and then cash them at Wallmart, since they don’t have checking accounts. Seriously?! The people at are SO STUPID they don’t understand why this won’t work. | I’m FURIOUS that they changed their policy AFTER we closed escrow. I feel like I was the victim of a “bait & switch” scam. Even a week after we closed escrow, it still said on their website that their policy was to transfer the money to the borrower and the borrower paid the workers. When I pointed this out to them, they quickly changed their website. However, I kept a copy of their web page just in case I ever have to prove it. | I would NEVER have signed up for a loan with them if I would have known they would “tie my hands” by not allowing me to pay the workers directly. I genuinely understand the need for loss mitigation, but takes it to the extreme. They treat every one of their borrowers like a potential criminal who would steal money from them if given the slightest opportunity. It’s ridiculous and it’s a terrible business model. | Now, it has been 3 and 1/2 weeks since we closed escrow and they STILL have not paid the roofer the $12,650 he is owed and he is about to put a lien on the house. The worker who started doing the preliminary work on the house by removing the siding STILL has not been paid. He stopped working on the house over a week ago. Funny how people WON’T WORK if they don’t GET PAID! | Forgive me for my angry venting. I just want to make sure anyone who is considering will decide not to do it!! | I’m hoping to find a private lender to pay off what is owed to and fund the rest of the renovations. I honestly think that their “policies” will prevent me from getting the house finished and on the market in a timely manner.

This review ( Review) was originally published at Skeptic Files.

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