Leveraging Credit Card for Down Payment

[Aaron Delavega]

Hello all! 

New investor here, as i was thinking of ways to come up with cash for a down payment i started to wonder has anybody leveraged a credit card for this? I have business credit and have a 50K limit card with 0% interest for 18 Months so my thoughts were to use this for a downpayment, the properties i am currently looking at will require a DP of about 15-20K. So i could liquidate whatever amount needed from the card (i have means of doing this without triggering a cash advance) and pay the minimum payment monthly with the cash flow i am obtaining from the rental for 18 Months not having to worry about interest then either cash out refi or get a HELOC to pay the remaining balance of the card off then continue to do this by getting more 0% interest cards and the beauty of using business credit is it does not report to your personal side so you do not have to worry about too high of utilization and you are not using any of your money to purchase properties!

Looking forward to discussing this with you all!