Using Credit Cards for Finance BRRRR

[Adah N.]

Hi Everyone, I am new to BRRRR and have yet to make my first purchase. I have a couple questions...

Question 1 - who here uses credit cards to finance renovations on their properties?

Why on earth would you want to use credit cards? I am thinking I could make purchases and pay contractors and then balance transfer to another credit card with a 3% to 4% fee for an entire year. 

How about the possibility you will not be able to renovate and refinance within a year and pay back the card? This leads me to the next question.

Question 2 - for seasoned BRRRR investors, how much time on average does it take from closing to rent? How about rent to refinance?

Question 3- for people who only have money for down payment but not to renovate, how did you finance your BRRRR? Is HML a better way?

Thanks,

Ahdah