Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

131
Posts
138
Votes
Gareth Fisher
  • Manheim, PA
138
Votes |
131
Posts

Debt Paying strategy

Gareth Fisher
  • Manheim, PA
Posted

Im looking for creative ways to accelerate my mortgage.     

I don't want to use my cash all at once, because I want to keep my reserves high.

So I'm looking at ways of getting cheap cash.   Im thinking of taking a cash advance of about 10k from a cc, and putting it towards one of my newer mortgages.    Then transferring the balance to a 0% apr 18 month cc.  Then pay it off in the 18 months.    From what I have calculated it would save me 32k in interest.

Most Popular Reply

User Stats

131
Posts
138
Votes
Gareth Fisher
  • Manheim, PA
138
Votes |
131
Posts
Gareth Fisher
  • Manheim, PA
Replied
Originally posted by @Josh Mitchell:

@Gareth Fisher use your cash to buy more properties so other people pay your mortgage and you don't have any issue.... 

 I have to currently personally garuntee these mortgages.  Giving the world economy is being supplemented by fake money from the feds.   I don't feel very comfortable taking on any more debt at this time.

Loading replies...