Using a credit card for investing

[Crystal Sherman]

Has anyone used a cash advance on a credit card to finance a property? We have some high limits on a couple of credit cards with the interest rate being either 0% or 4%. My husband is military and the rates won’t change unless he gets out. We will have $10k in cash and I’m looking at financing $20-40k on the cards. It seems our rates are lower this way than any other financing options and we would have more access to cash only deals. Thoughts?

[Mark Durham]

This is one of my favorite strategies for Creative Financing using OPM. I've bought many, many deals with CC's.

If you know yourself & can be very disciplined to pay the cards off before the low rate changes to a high rate it's a great way to use OPM & Creative Financing.