Using Business Credit to Acquire Real Estate?

[Mark Jones]

Has anyone ever used 0% interest business credit cards or lines to make down payments on properties and later refinanced the house/property to pay off the cards or just let the tenants pay them off? 

If anyone has done something like this or a variation of it, could you break it down here? 

Thanks in advance, 

Mark

[Tony SanFilippo]

I have used a signature line of credit from keybank to purchase and flip property.  My wife and I have very good credit and assets, so I am sure that helped on our application.  I also had a few years of paying on a Line of Equity (LOE - 100K) on my primary residence prior to applying for the signature line (30K).

Banks will Normally go up to about 85% Loan to value LTV for the 1st mortgage and LOE combine. Signature line just depends on your income and credit history. Having a banking relationship always helps.

I used mine just for cash purchase, then paid them off in full when the project was complete.