@Jacob Rhoads that's our topic at the meet up tomorrow (cc: @Andrew R.

Plus when was done paid off CC over time using cash flow from rentals to didn't cost me anything, as long as paid off in time.  

The neighborhood was a solid C/C+, maybe B- neighborhood with several other duplexes in the neighborhood tract, which I'm pretty sure were all mainly rentals.

just thinking this through.. its like a cheap jump credit card and I am sure its for those with very good credit.. as a lender I wonder how long they are going to make it.. these kind of loans from the lenders side would be highly risky.. its one thing to do CC lending at 15 to 30 % interest and know your going to have a 10 to 15% default rate.. but to do this at these lower rates.. don't know..

I thought using my CC to pay an invoice from another company I don't own (in a another field of business) was arms-length enough for Plastiq.com, but I guess it's not. 

I'm still using Spectrum for my CC liquidation and will keep it moving. 

Thanks BrianC great points!

Do you open 1 CC per LLC?

Your area may be different than mine, but $5K in fixed selling costs seems low to me...You'll have 3% to the selling agent (buyer's agent), and probably at least 4% in seller paid closing costs (most buyers in this range need all their CC paid).

Hey guys bout to close on my first deal and just wanted to hear some peoples viewpoints.Purchase price - $45K Condo 3/2.Cash outlay - 20-25% down with $3K CC/fees - ~$14.250 out of pocketRevenue - Currently rented at $1000 a month(other rentals around 1100-1200)Expenses YearlyHOA Fees - $4176 (includes structure insurance, water,sewer,trash,basic cable)Taxes - $850Insurance - $300?