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Updated over 11 years ago on . Most recent reply

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