Using a credit card for funding

Using a credit card for funding

Investor · Ponte Vedra, FL · Member since 2017 · 38 posts · 17 votes

I’m interested in hearing how to use 0% introductory rate credit cards as a way to purchase properties. The problem I foresee is that once I access the money for the cash purchase, I’ll kill my good credit with high balances. Ideally, I would refi the property after 6 months to pay off the credit cards. Has anyone done this successfully. Tips and tricks please!

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  • Developer · NY/NJ/PA · Member since 2018 · 758 posts · 935 votes
    7y

    No this is just a bad idea. 

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