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Updated about 13 years ago,

User Stats

297
Posts
5
Votes
Travis Elliott
  • Real Estate Investor
  • Cebu, Philippines
5
Votes |
297
Posts

What about buying a house on Credit Cards?????

Travis Elliott
  • Real Estate Investor
  • Cebu, Philippines
Posted

I am thinking about getting enough credit cards to buy a home with them instead of using the bank..

Here is why.. I bought two homes this year and I am almost out of money.. My thought is this. If I can buy a third house using only credit cards I could then get a home equity loan later on down the road and pay the cards off. Next I would use the paid off cards to buy another home... Rinse and repeat.
Does this sound like a doable idea?

Any suggestions?

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