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Updated about 8 years ago on . Most recent reply

Jonathan Schooley's profile image
Jonathan Schooley's profile image
Jonathan Schooley
  • from Orlando, Florida
  • Member since Dec 23, 2016
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Jonathan Schooley's profile image
Jonathan Schooley's profile image
Jonathan Schooley
  • from Orlando, Florida
  • Member since Dec 23, 2016
Connect
Jonathan Schooley
  • Orlando, FL
1
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Orlando Real Estate Forum

Financing with 0% APR Cash Advance

Jonathan Schooley
  • Orlando, FL
Posted
My credit cards usually offer the opportunity to transfer balances or take cash advances with 0% APR for 12-18 months for a one-time fee of 1-3% depending on the current offer. How come I never hear of anyone using this to fund rehabs or deals? It could easily free up about $40-50K in cash based on my credit lines. I just wasn't sure if there is something I am missing with doing this or any disadvantages. Thanks!
Orlando, Florida
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