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Updated about 6 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Dec 28, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Dec 28, 2014
Connect
Account Closed
  • Rental Property Investor
  • Philadelphia, PA
94
Votes |
240
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Personal Finance

Credit Cards for Seed Capital

Account Closed
  • Rental Property Investor
  • Philadelphia, PA
Posted

Has anyone ever used a personal credit card for Seed Capital to use on construction for a flip? Curious your thoughts?

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Bob Okenwa's profile image
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Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa's profile image
Bob Okenwa's profile image
Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

If the credit cards or 0% interest, then your plan could work, assuming you don't hold a balance past the interest-free period. Other alternatives for seed capital would be private financing from a friend or family member or partner up with someone who has the funds.

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