The credit cards can be stifling, but in the grand scheme of things, $40K isn't a ridiculous amount.

Conclusion: Don´t give your credit card infos for "free" products!!!

Hi David,some credit unions may offer financing for properties held in land trusts, but this varies by institution and state regulations.

I personally used business credit cards to BRRRR a deal—no money came out of my pocket.

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

Right now, we’re carrying about $60,000 in debt ($40,000 in credit cards and a $20,000 car loan).

All this does is report their payments to the credit bureaus like how your credit cards or car loan company reports payments to the bureaus.  

Do you have access to a credit union?

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

@Ryan Vienneau I'm a Buildium customer too, and it blows my mind they don't have credit card tracking in 2017.