Hard money loans to buy listings

[Sean Hayes]

In a market that is short in inventory I️ have been thinking about new ways to find listings. Has anybody ever considered using a hard money loan to make offers on listings? If the purchase goes thru that’s fine. I’m thinking about moving on some properties just to collect the commission on the buying side and again in the selling side.

[Jared Dison]

This sort of strikes me as "buying the airplane to get the peanuts".  Getting listings is tough, I agree.  However, the hard money costs may eat away a large percentage of whatever commissions you gain.  What if your listing doesn't resell quickly?  That commission can disappear.  This could work in theory if you knew you could turn the property over A.S.A.P.

From the real estate agent aspect, I would look for new marketing channels first.  It would be cheaper in the long run and if you test your methods you should eventually narrow down what works best.

I like the fact that you're thinking outside the box.  Keep doing that.