Hello Fellow investors and Real Estate Brokers,
I recently had a couleague approach me and asked if I could help with some finances, he is a great real estate agent and has a few closings coming up, but he was in a pinch now. His car was broke down, mortgage payment was due in a week, bills were past due and he was in a pinch. I unfortunatley could not help him I advised him to check out ecommission, but he did not feel comfortable going that route. In your experience, would a lender be inkline to helping him for a short period of time if he was able to present the purchase and sale agreements he had in his pipeline? Obviously with a fee.
There are plenty of places like ecommission out there that he can get advances of commissions for. Many brokerages even offer that service.
Thank you Russell, he decided on the ecommission route. Actually a brilliant idea, however rather spendy!