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Updated almost 9 years ago on . Most recent reply

User Stats

24
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10
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Cody Gentry
  • Real Estate Agent
  • Cleveland, OH
10
Votes |
24
Posts

Using a Credit Card to Pay for Advertising Expenses?

Cody Gentry
  • Real Estate Agent
  • Cleveland, OH
Posted

I've always wondered if using a credit card was a viable option to pay for advertising expenses. Some new agents, like myself, don't exactly have a particularly large amount of capital to start with so it would make sense to utilize a credit card to cover the cost. 

So hear me out, statistics show that the agents that put more money quality advertising, will generate a greater number of leads, thus, the more money they will make. 

Example: In a perfect world, lets say I put $1,000 /month on my credit card to pay for advertising. Within that month, I get 5 potential leads and 2 of those leads close in 50 days. The $1,000 I originally spent would be paid off and only incur a $25 interest charge for those 50 days.

I tried to look it up on Google but I couldn't find any results, so I came here to get others opinions before I do some hastily.

Most Popular Reply

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17,425
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30,060
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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
30,060
Votes |
17,425
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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

At least you understand you need operating capital to be an agent. However I would not bank on being able to close 2 deals in 50 days.  Im a pretty successful agent, and I an go 120 days without closing a deal.  Also any deal I am working on at any given moment, has likely been in my pipeline and being worked for a year or so.

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