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General Real Estate Investing
HomeForumsGeneral Real Estate Investingis it ok to use line of credit / credit card to start
Nana K.'s profile image
Nana K.'s profile image
Nana K.
  • Investor
  • from Columbia, South Carolina
  • Member since Apr 20, 2014
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Nana K.'s profile image
Nana K.'s profile image
Nana K.
  • Investor
  • from Columbia, South Carolina
  • Member since Apr 20, 2014
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Nana K.
  • Investor
  • Columbia, SC
2
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31
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General Real Estate Investing

is it ok to use line of credit / credit card to start

Nana K.
  • Investor
  • Columbia, SC
Posted Jun 14 2014, 10:40

I wanted to know if its ok for me to start with a line of credit and/or a credit card. Line of credit interest rate is 9% of 50000. Credit card rate is 11% but 14 if cash advance, limit is 25000. I do now have a pretty well paying job and know I can pay them off but need to leverage and start NOW!!

ANY ADVICE WILL GREATLY HELP.

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