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Updated about 7 years ago,
Creative financing with OPM
Question: If you found a phenemonal cash flowing deal but are not willing to dive into personal funds to finance it could you take a direct deposit loan out and than pay it off immediately with 0% interest credit cards in order to use it for the down payment? While having a bank also finance the mortgage?
Im more so curious about the legality aspect of this form of financing. Please share what you may know.
Thank you!