You can find bargains in hotels, single family homes, duplexes, multi-family residential units, commercial property, and vacation or resort properties. One of more of these may appeal to you more than the others.For those of you who don’t know how hard money works, repayment is usually a balloon payment with interest. The loan is paid off when you either sell the house in a flip situation, or when you refinance. Well, we have been working on getting the refinance to go through since October 2008. As of the time of this writing, it is mid-May 2009. Our hard money loan comes due in mid-June. Nothing quite like having an executioner standing behind you with a smile on his face. Yes, it is very stressful to say the least.So there you have it. Option 1 is going with a realtor. It will cost you 6% and you’ll have to work with them to get the house sold — if they can sell it. Is it worth it? Well, what’s your time worth? If you have no time to spare or don’t want to put in the effort, then yes go find a quality realtor. A good one will be worth it and there are good ones out there. They might even get you more for the house than you could get yourself.