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Updated over 9 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Vince Leydet
  • Investor
  • Pittsfield, MA
7
Votes |
30
Posts

Lines of credit to fund a deal? (Business credit cards)

Vince Leydet
  • Investor
  • Pittsfield, MA
Posted

Before I get myself into a ball game, I just wanted to know if anyone has successfully used a business credit card to purchase real estate.  I have come across a few of these companies that will get me 45-65k of business credit cards that I can then liquidate into cash for a purchase and was wondering if anyone has ever used this method before. Seems like I would be able to do this to purchase and then turn around and refi the properties to avoid the 20% down.

Any thoughts would be helpful thanks

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