How risky is using balance transfer checks from business credit card as a source?

[Antonio Bodley]

How risky is using balance transfer checks from business credit card as a source of funding to invest in cash flowing apartment complexes? If I was to do this, should I already have property lined up ready to invest in? Or try the balance transfer method in to the bank account first just to have the money already available then go look for the apartment to invest in? I am not familiar with using balance transfer checks from business credit cards into bank checking account. I have four business credit cards. Does the transfer work like me doing balance transfers from each business credit card into the same bank account? 

[Charles Carillo]

@Antonio Bodley

One possible issue is if you are signing on the loan, your credit will dramatically decrease once you take out a balance transfer. This would mean you have the money sitting in your account but, you have not been approved for a loan. If you try to pull the money out right before closing, this might be caught by the lender. If you don't have any other funds, what cash will you show to the lender to let them know you can close while still having funds available for making repairs and a reserve?

Lastly, what happens in 6, 12, and 18 months, when your 0% transfer is gone interest rate increases by 25%? Your credit will be much lower from the balance transfers.

I would not suggest it for apartment complexes. If you were an experienced flipper, MAYBE, either way, it is very risky...not saying I have never bought short-term flip properties with my cash and cards but it is VERY high risk.