Using hard money to buy investment property

[Theo Van Soest]

Has anyone had any issues with using hard money to buy investment properties? My husband and I are interested in buying out of state (Philadelphia) and we’re having a problem getting realtors to even present offers because they don’t recognize the hard money lender. They’re also questioning why we need hard money for such a small investment amount ($50-80k). We’re just starting out so that’s really our only option at the moment. Just curious if anyone else has encountered this problem and what you recommend. TIA

[Dillon Y.]

@Theo Van Soest Welcome!

You mention agents - plural - why is it you haven't developed a relationship with a real estate agent who understands your goals and financial situation?  Doing so will go a long way to making this process easier for you.

On the flipside, at those low-level numbers, I imagine a lot of your offers should be direct to the owners of the properties you are interested in.  In which case, no agents need be involved - just get in touch with the sellers and have an attorney draw up a contract when you reach that stage.