Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

2,733
Posts
2,486
Votes
Nicole A.
  • Rental Property Investor
  • Baltimore County Maryland and Tampa Florida
2,486
Votes |
2,733
Posts

Obtaining intro 0% credit card convenience checks

Nicole A.
  • Rental Property Investor
  • Baltimore County Maryland and Tampa Florida
ModeratorPosted

Hello!

I'm a fairly new landlord/LLC owner. We formed our LLC in May 2012 and closed on the first duplex in August. In April 2013, we closed on our second duplex.

A few months ago we received a business credit card for $15K. We didn't even apply for it really...the bank just kinda gave it to us. That was great.

Now I'm thinking of how to secure our 3rd property. I've been getting a mortgage for each so far and must pay 25% down. The good part is that down payment doesn't have to be vested. I could put it in my account weeks before closing and they haven't cared.

So, my thought is using a 0% check to help pay for the next down payment. But I think I need more credit than this current card. I'm thinking I don't want to max out the one card I have. Do you all suggest any good business cards to apply for that may have the 0% checks? Is there anything I should do with my personal credit to help the odds of getting more business credit cards? I have good credit, always pay on time, but I have some revolving debt.

Thank you for your thoughts.

  • Nicole A.
  • Loading replies...