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Updated almost 9 years ago on . Most recent reply

User Stats

733
Posts
155
Votes
Bryan C.
  • Investor
  • Spokane, WA
155
Votes |
733
Posts

How to transfer money via Credit Card to Contractor?

Bryan C.
  • Investor
  • Spokane, WA
Posted

Good morning/afternoon,

I have 2 duplexes that require significant rehab in Dayton Ohio and I am having a recommended contractor do the work.  The problem is that I dont think he is set up to accept credit card.  He has no problem with me paying via credit card if it just transfers the money into his bank account.  How can I do that?

Paypal was the only option I could think of but looking for advice because its easier to pay the rehab via credit cards that have 0% interest for 12-18 months and refinance after 6-12 months to pay off any remaining balances I didnt pay off yet.

Most Popular Reply

User Stats

73
Posts
39
Votes
Royce J.
  • Realtor
  • Los Angeles, CA
39
Votes |
73
Posts
Royce J.
  • Realtor
  • Los Angeles, CA
Replied

Just remember if you max the credit cards out your FICO score will drop. This may effect your refi rate

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