No Money Down using Credit cards

[Robert Murphy]

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

[Bill Gulley]

Florida has a long history of financing scams, famous to the point the secondary market cut the state off from any originations, it was that bad.

I suggest you stick closer to known lenders with histories of closing loans. Credit cards can be cut off, terms could be really bad, if you got stuck holding a place you could end up with a cash draining payment.

My feeling.......no, move along, nothing to see here, move along..... :)