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All Forum Posts by: Stanford Graves

Stanford Graves has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: BUYING A $30,000 RENTAL PROPERTY ON A CREDIT CARD

Stanford GravesPosted
  • Posts 1
  • Votes 0

I don't have a large amount of cash to buy a rental property at the current time so that's forced me to get creative. I'm thinking about putting a $30k rental property on my credit card. I will pay 10K cash and put the other 20k on my card. If things go as planned, I'll have a renter and it'll take 1 1/2 to pay off the card if I send in all the money from the rental. ANY THOUGHTS???

0 Votes