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Updated almost 11 years ago on . Most recent reply

User Stats

33
Posts
5
Votes
Robert Murphy
  • Real Estate Investor
  • Farmington, CT
5
Votes |
33
Posts

Funding using credit cards

Robert Murphy
  • Real Estate Investor
  • Farmington, CT
Posted

I have come across a company that I found on graiglist called The Funding Group based out of Jacksonville Florida they help you get lines of credit using credit cards you have to have 650 credit score or better I filled out the form and they told me they could get me 100,000 in lines of credit They said this is a better way to flip houses than using hard money They charge 10% on what ever they can get you this is a one time fee . It sounds like a good deal ,but I dont know if this is a scam I have tried to look up info on them and can not find any Has anybody heard of them or knows how to check them out .My plains were to buy a house with the lines of credit and then refinance to pay of credit card and then do this over and over Is this a viable plain or not thank you for any input Bob Murphy

Most Popular Reply

User Stats

285
Posts
83
Votes
Jack Bobeck
  • SFR Investor
  • Jacksonville, FL
83
Votes |
285
Posts
Jack Bobeck
  • SFR Investor
  • Jacksonville, FL
Replied

Pass, better to get 1 loan with your credit score, than to run up debt on many cards.

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