Credit card stacking is an easy to to ruin your credit and go into massive consumer debt at an extremely high interest rate. Way to much risk here. If you can't pay that debt off after your introductory APR expires, you will be in a terrible spot.
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That is not the approach I would take, especially in a rising interest rate environment.
This is a very dangerous approach. You would really need to stick the landing if this risky tactic were to be implemented. This would not be my first choice unless you have an air-tight exit strategy that does not rely on a bunch of "maybe's". Be advised!
I personally started my business by leveraging credit and now own/operate a multi-million dollar real estate portfolio. It requires discipline and staying the course. It is not for everyone but if handled correctly, can be very lucrative.
Agreed with the above statements. We leveraged a card (1) a couple times to fund remodels, but the numbers were clear and end goal was always fixed rate financing. Stacking plastic makes me sick to my stomach. Better have a solid deal in this environment to go that route otherwise the risks out weigh the rewards.
This sounds like high risk with Low reward.
If a deal is good enough to fund with lots of credit card debt, there is probably a better and cheaper way to fund it. If the ONLY way it can be funded is with credit card dept you do not have a deal to start with.
