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
Rehabbing & House Flipping
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 9 years ago on . Most recent reply

User Stats

733
Posts
155
Votes
Bryan C.
  • Investor
  • Spokane, WA
155
Votes |
733
Posts

How to transfer money via Credit Card to Contractor?

Bryan C.
  • Investor
  • Spokane, WA
Posted

Good morning/afternoon,

I have 2 duplexes that require significant rehab in Dayton Ohio and I am having a recommended contractor do the work.  The problem is that I dont think he is set up to accept credit card.  He has no problem with me paying via credit card if it just transfers the money into his bank account.  How can I do that?

Paypal was the only option I could think of but looking for advice because its easier to pay the rehab via credit cards that have 0% interest for 12-18 months and refinance after 6-12 months to pay off any remaining balances I didnt pay off yet.

Most Popular Reply

User Stats

73
Posts
39
Votes
Royce J.
  • Realtor
  • Los Angeles, CA
39
Votes |
73
Posts
Royce J.
  • Realtor
  • Los Angeles, CA
Replied

Just remember if you max the credit cards out your FICO score will drop. This may effect your refi rate

Loading replies...