0% credit card for financing a hard money loan

[Michael Pierce]

Ok, so I’m new to investing and I’ve been trying to come up with a financing strategy to get me into my first flip 

As of right now I’m thinking of establishing my business credit to Get a business credit card with 0% interest with a high limit.

Then I would use the credit card for a down payment on a hard money loan and use the loan to then repair the property.

After the flip sells I would pay the credit card and the hard money back with the profit.

I keep everything that’s left for my next project so hopefully it’s enough to where I don’t have to use the credit card for my down payment on a hard money lender.


also if their is anybody in Memphis TN that could meet up and discuss things with me it would be a great help I can’t seem to find anyone. 

[Joshua Myers]

No offense, but I think that this is a terrible idea.