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Updated about 2 years ago on . Most recent reply

User Stats

40
Posts
16
Votes
Ryan Mapes
  • Lender
  • Austin, TX
16
Votes |
40
Posts

Best credit cards for multifamily investors?

Ryan Mapes
  • Lender
  • Austin, TX
Posted

What's your favorite credit card/charge card for funding renovations or other purchases on your multifamily properties?  Looking more for business cards or lines of credit since spending will be $50K+ per month.  

This question is geared more for folks with 5 units to 200 units.  I'm not looking for recommendations for personal credit cards with a relatively small credit limit.  

Most Popular Reply

User Stats

58
Posts
26
Votes
Jordan B.
  • Rental Property Investor
  • Conshohocken, PA
26
Votes |
58
Posts
Jordan B.
  • Rental Property Investor
  • Conshohocken, PA
Replied

@Ryan Mapes Did you make any progress with this? I am in a similar situation. I am looking for a card to use for rehab expenses and materials. I have the cash to use but would prefer to keep it in pocket and utilize a zero interest period and cash back/rewards since ill be spending $40-50K. 

Chase Premier Buinss Ink seems to be best card i found so far. 

- $1,000 cashback when $10k spent in first 3 months

- Zero interest for 1 year

- 2.5% total cash back on every purchase of $5,000 or more

- 2% unlimited cash back on all other purchases

- $195 annual fee but i plan to cancel after done using it. My cash back will outweigh the annual fee as well.

What do you think?

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