Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

13
Posts
1
Votes

0 interest business credit cards vs HELOC for acquiring property

Posted

What are the advantages/disadvantages of a HELOC vs business credit cards with 0 interest for employing BRRRR for growing RE portfolio?

Most Popular Reply

User Stats

3,042
Posts
1,770
Votes
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
Posts
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Steve Lawrence Sr. I don't think either are applicable if you are looking at a BRRRR strategy. The concept of BRRRR is to acquire at deep discount, force equity through renovation, and then pull that equity by placing debt on the property. Some percentage of the forced appreciation is your "cash out" to be used for another down payment.

HELOC's are typically reserved for primary residence and act as a second mortgage on your property. You simply cannot beat a HELOC. Using credit cards to buy property is not a good idea. But desperate times call for desperate measures.

  • Brandon Sturgill
  • 614-379-2017
business profile image
Realize Property Management Group
3.5 stars
13 Reviews

Loading replies...