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Rehabbing & House Flipping

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158
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David A.
  • Involved In Real Estate
  • Fort Worth, TX
11
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158
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Can I use Convenience checks to start off my rehabbing business?

David A.
  • Involved In Real Estate
  • Fort Worth, TX
Posted Nov 9 2012, 19:30

Twice a month I have been getting checks from Chase and Discover offering $10k, $12k at 0% interest for 12 months. I usually shred them on the spot but was wondering if I can deposit them in my account in order to show proof of funds when making an offer. $20k extra plus some money I have been saving to start my business would help me start making all cash offers. My goal is to buy my second property from a motivated seller or off the mls.

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