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Updated about 1 year ago on . Most recent reply

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27
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Andrew Reis
  • Rental Property Investor
  • Boston MA
9
Votes |
27
Posts

Using 0% Interest CC's for Rehab Work

Andrew Reis
  • Rental Property Investor
  • Boston MA
Posted

I am interested to know why more investors don't open CC's that have 0% interest for 12/18 months for rehab work on their investment properties. After listening to the first 335 episodes of the BP OG podcast, I have heard one guest cite credit cards as a feasible way to finance rehabs. Is there something I am missing? Are investors just looking to develop relationships with their private lenders and hard money lenders for larger rehab projects down the road? To me, it seems like a very reasonable way to pay as little interest as possible for the longest amount of time. 

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2,434
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Michael Plante
  • Deland, FL
1,875
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2,434
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Michael Plante
  • Deland, FL
Replied

I do it 

Figure most did it also 


maybe not 

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