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Updated over 6 years ago on . Most recent reply

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78
Posts
13
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Michael Spindler
  • Stamford, CT
13
Votes |
78
Posts

Is it smart to use a business credit card

Michael Spindler
  • Stamford, CT
Posted

Is it smart as a beginner without large amounts of capital to open up/use a business credit to fund a portion of a deal? Anybody do something similar to this?

Most Popular Reply

User Stats

31
Posts
24
Votes
Damian Seguen
  • Rental Property Investor
  • Bayonne, NJ
24
Votes |
31
Posts
Damian Seguen
  • Rental Property Investor
  • Bayonne, NJ
Replied

@Michael Spindler I bought a Multi at a great deal. Renovated about 50k on personal credit cards. Have over 350k in equity. And would u believe it the debt that created the equity is what’s making my refinance so difficult.

My next property I will not be using credit cards.

Cash back and points are great, but I saved more using Ebates.

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