Credit Card for Rental Property

[Tucker Olen]

Hello all,

I have a question about getting a credit card strictly for rental property expenses.

I’m 20yrs old and have one credit card for personal use, but I recently began managing my fathers rental property and want to set up a another credit card in my name to run expenses through with the goal of building my personal credit.

Do investors often do this and does it work well? Would I be hurting myself by taking out another credit card if I’ve only had my current credit card for 18 months and also have student loans in my name?

Any advice would be much appreciated. Unsure if it would hurt or help at this stage.

Thanks,

Tucker O.

[Andre Taylor]

@Tom S. you are right.. i over looked that part :).  @Tucker Olenr Having a second credit card for real estate purposes in your personal name.. is not a bad idea in regards of helping you keep your book keeping organized vs using one for personal and business together. The more credit that is given to you only helps boost your credit score on top of other things.