How i use my CC in 2023 to maximize my ROI

[Ben Aaron]

Hey All!

I have been in the game for the past 4 years, started like most people here with not a lot of my own capital. I was always in the look for ways to increase my ROI so I could do more projects.

Fast forward to last year. Interest rates jumped up deals started looking hard to make them happen, every penny we took from our lenders became very expensive. As a result, I found some ways to get 0% capital on my cards like being able to get more ROI on my money because I haven't needed the capital to pay for any of the project expenses.

I will be happy to share with you my case studies. with the knowledge, I learned how to do it also for other investors.

Wishing you all Happy 2024 and many investments (:

[Jay Hinrichs]

Quote from @Ben Aaron:

Quote from @V.G Jason:

You bought stuff on a 0% APR, prayed they did not have issues before the apr financing ran out, got lucky they didn't and were able to come out safely?

If so, congrats on being lucky. No credit for trying to come off as shrewd or smart. Any luck that went against you, you probably would never recover.

use credit cards only for covering all contraction costs, materials, and other project expenses you can pay with CC( utilities, Insurance etc). Those expenses I will have no matter what but with having the 0% APR CC i was able not to commit my money to one project and manage it.
So when sold/refinanced I paid the cards, I had 2 rentals and one flip on going 2023.

this is not a new concept its been talked about on BP ad nauseam over the years. Works fine for those that are diligent and diciplined in their credit and the jobs go as planned .. For those that lose control of the CC debt great way to bury yourself :)  also I have to imagine it affects your fico if your putting a ton on of money on your CC .. ??? So when you go to refi you may have to pay higher rates as your fico is not as good ?  maybe ??