Using business credit to buy rental property

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  • Omaha, NE · Member since 2020 · 612 posts · 665 votes
    4y

    There are a lot of business credit cards out there that are a great option to buy property. The issue you need to overcome is turning credit into cash as there still aren't any institutions that allow the purchase of property on a card itself.

    The next major hurdle is ensuring you never buy at market value while using credit in this way. Business credit is ideal for flipping, whether to yourself as a rehabbed and refinanced rental, or to others for the immediate cash.

    You don't want a situation where you can't refinance out all of the business credit, because once the interest starts flowing, it's crippling. Best of luck!

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