General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
BUYING A $30,000 RENTAL PROPERTY ON A CREDIT CARD
I don't have a large amount of cash to buy a rental property at the current time so that's forced me to get creative. I'm thinking about putting a $30k rental property on my credit card. I will pay 10K cash and put the other 20k on my card. If things go as planned, I'll have a renter and it'll take 1 1/2 to pay off the card if I send in all the money from the rental. ANY THOUGHTS???