Buying Real Estate with a credit card

[Edward Briley]

I have an opportunity to buy a piece of commercial real estate in the downtown area of a small town.  Now I may be able to get a loan on the property, or other ways to buy the property, however, both of them will require closing cost.  By using a credit card I can provide a fast closing and actually save money on the property. 

I have enough credit on a single credit card to buy the property.  I also have enough credit to flip the property and make a profit on it, rather I decide to mortgage it or not it, lease it at a later date, or both.  Or maybe sell it for the right price.

The question I have for the forum is that the property is in a small town, and I am not sure the real estate agent that is handling the property will know how to do this?  Matter of fact I am pretty much positive of that.   How do I get the agent (in which I have not tried) to accept my credit card offer on the property? Has anyone done this? 

The way I look at it is that I can flip the property within 60 days, and save the closing cost on the property, and will most likely have it leased within 90 days, and a mortgage within 180 days on the property if I decide to keep it. Total mortgage on the property I estimate will be $100,000 with a PITI of $800 +/- after it is flipped. Total leased income on the property will be $2000 or more per month, plus another small additional income the property offers ($100 to $200 per month).

[Delmas Edwards]

@Edwards Briley the company that issued the credit card to you, you could of request balance transfer checks. The easiest way to turn a balance transfer into cash is to use the special checks that credit card companies usually send with offers or with the monthly statement. These checks can simply be deposited into your checking or savings accounts. So basically if you have a card that 10K you can write it for that whole 10k or 30% of that if its on your personal credit and you could write it for the whole 10K if its a business credit card. Take a look at Juan Pablo's Videos 

https://youtu.be/UaAjLjFD7zE?list=PLQPp47PDF3f6-pn...