Using a Credit Card to finance a Rehab

[Luis Espinoza]

Hi all,

Looking for your input on this one. Have any of y'all used a credit card to finance the Rehab of a BRRRR property? How did it go?

I'm looking into purchasing a distressed property with cash and using the CC to fund the rehab. The CC has a 0% APR for the first year, and a $30,000 limit. I, of course, would still have additional reserves to cover holding costs and minimum card payments. Plan is to use the Refinance to pay off the CC.

Thanks!