Using credit cards + other creative ways to finance investments
Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest.
I could definitely afford a 20% down payment on a few of these homes, so traditional financing is not an issue; but my mom (a banker herself), mentioned how I could purchase some of the lower-cost homes with a credit card. Apparently this is a thing?
I know that BP is all about creative ways to finance, but does anyone have direct experience with home purchases on a credit card? Or other creative ways to finance? What are the benefits of buying with a credit card/non-traditional method of financing vs. putting the 20% down? Anything you wish you had known prior?
All feedback is appreciated!