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Updated about 5 years ago, 10/18/2019

User Stats

5
Posts
2
Votes
Crystal Sherman
  • Rental Property Investor
  • San Pedro, CA
2
Votes |
5
Posts

Using a credit card for investing

Crystal Sherman
  • Rental Property Investor
  • San Pedro, CA
Posted

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?

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