Question: If you found a phenemonal cash flowing deal but are not willing to dive into personal funds to finance it could you take a direct deposit loan out and than pay it off immediately with 0% interest credit cards in order to use it for the down payment? While having a bank also finance the mortgage?
Im more so curious about the legality aspect of this form of financing. Please share what you may know.
You can buy property lots of crazy ways. If you have the funds and it is a phenomenal deal, the most important thing is buying it before it is lost to someone else.
Why wouldn't you want to use your own funds? If it is such great deal, there are ways to get money out of the property after you buy it.