What are the benefits of buying with a credit card/non-traditional method of financing vs. putting the 20% down?

If you have any questions, post them here and tag me.Quick Example:Purchase: $125kRepairs: $20kARV: $200kPoints: 3Interest: 13%Fees: $1,030Total Cash to Close: $5,380Monthly Interest only Pmts: $1,585Total Financing Costs (3 months): $5,380+$1,585+$1,585+$1,585=$10,135Cashout Refi at 75% of ARV = $150k$145k (Borrowed Amt) + $10,135 (Points + 3 months Interest) +$2,100 (Est Title Closing Costs) + $2,900 (Est Utilities + Prop Tax) = $160,135 Total Investment - $150k Cashout Refi = $10,135 Total Cash Invested in PropertyIf you are use the Buy Rehab Rent Refi Repeat method that is promoted on this site you can buy rental properties for just $10,135 for a property worth $200k (or roughly 5% down with no PMI).

Easy upgrades: ceiling fan, kitchen faucet, shower trim/head, shower door.Kitchen countertops would go a long way!

How did you acquire your first property and do you still use that same method today?

Hi All, Just wanted to post my experience with BRRRR method.

My referenced method in my previous post would allow for this also.

But that's just me.So far, I've used three methods

@Sean McKenna its kinda light blue/ grey, with blue trim. definitely on the older side.I appreciate that!

No penalty or tax paid, property purchased, and once the 401k loan is paid back, i can use the exact same method again to purchase a 2nd.My only concern is how the banks/lenders see my 401k loan from myself.

Also, is there a certain method for where to post what once a property is under contract and you are looking for advice or feedback about a rehab?