Investing Using Credit Cards: Good or Bad Idea?
When I got home last night I opened the mail and, like most other nights, received several credit card applications. Here are two of them:
I have successfully used credit cards such as these in the past to buy real estate or to rehab properties. But I would like to hear from other BiggerPockets members their opinions on using credit cards such as these to buy and rehab real estate. Please refer to the application images above for the details of each card.
Most Popular Reply
Shiloh Lundahl There's a difference between using credit cards because you HAVE to and using them because you want an interest-free loan. Keep in mind that the stories you'll read are generally skewed by "survivorship bias". Accordingly, you'll hear a lot more from people who used them successfully than the people where things went sideways and pushed them into bankruptcy. The latter probably aren't in the real estate and certainly won't be lamenting their failure publicly. Certainly not as much as those who have found success.