Funding Investments with credit cards

[Craig Conte]

is it possible to do this......

Say you have excellent credit and high credit card limits around 40K and you can get new cards with 0% balance transfer and 0% APR for 15 months.

If you open up a LLC and sign up for a merchant account would i be able to charge my personal credit card to the LLC take the money that goes into the bank account to buy a property with it under the LLC.

I was thinking that if you are able to do this then all you would have to pay on the funds are the credit card fees which would be about $1,000.00 which is like a 0.2% interest rate. Then after 15 months transfer the balance to another credit card with a 0% APR for another 15 months, which would in turn get you 2 1/2 years with no interest on your funds except the initial $1,000 in merchant credit card fees. Also you could probably just rinse and repeat with the 0% Balance transfers and 0% APR credit cards for 15 months for a very long time.

This would allow you to collect free rent with their credit.

Am i missing something?