Rehabbing & House Flipping

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Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
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302
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0% credit card to float bank draws

Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
Posted Aug 15 2019, 01:07

I'm getting ready to partner with an experienced investor/flipper on my first flip. He has recommended getting a 0% interest credit card to float material/labor costs while waiting on the bank draws once each stage of the rehab is completed, thus avoiding having to come out of pocket with large chunks of cash. We're estimating anywhere from 3-6k at a time. 

I'm sure some of you have done this. Any thoughts on this strategy? 

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