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Updated over 6 years ago, 03/09/2018

User Stats

14
Posts
2
Votes
Saul Moreno
  • Ogden, UT
2
Votes |
14
Posts

Using Credit Card Debt To Invest

Saul Moreno
  • Ogden, UT
Posted

Hello BP!

I recently heard in a seminar and podcast that you can use credit card debt for a down payment on investment properties. Has anyone heard of this strategy or any other strategy where you can use your credit card debt to help with investing. Also, what is the be way of using this strategy? For example, should I use 20% for the down payment on my credit card and the other 80% from a private investor? Is using credit card debt a bad idea? Thanks in advance for any insight!  

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