How to use credit cards to buy real estate

[JJ Raskin]

Hi All,

I found a really great looking property that I’m working on syndicating. The deal is approx $380,000, but I don’t have any money of my own to invest in the deal. I have investors lined up and should be able to raise the necessary funds. I would like the opportunity to invest in my own deal as an investor as well to increase my cashflow as well as my equity in the property.

To do this I’m considering using a 0% apr credit card. I would pull out money and invest it in the deal. The deal should cover the interest payment even if I exceed the interest fee period.

My issue is “cashing out” the credit card. Does anyone have experience with turning a credit into cash? I was thinking to use PayPal. It’ll Cost 3% to turn the credit into cash.

I hear about this idea on the podcasts and forums a lot, but don’t know how to do it practically. I have never done this before and would love to hear what the forums have to say.

Any help would be greatly welcomed and appreciated!

Thanks