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Updated about 6 years ago,

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Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
1,099
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1,045
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Credit Cards as part of BRRRR

Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
Posted

Has anyone used credit cards to fund the reno in a BRRRR?

I am using all cash and wanted to see if there was a way to further leverage?

I pay my contractors by check/debit, otherwise, they have interchange fees for their credit processing.    They know they are going to get paid fast and by check/debit.    This has helps move my projects up in priority.

About 1/3 -1/2 of my spend is on materials.  Mostly Home Depot and Lowes.  They offer "PRO" credit cards, but would I be better off using a standard visa/master card or is it not worth the trouble? 

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