There are plenty of cards with 0% or very low fee for cash advance and very low rates such as:navyfederal.org - nationwide as low as 9.99% for cash advance no feepenfed.org - all states I believe - as low as 7.99% no feebecu.org - WA and other states - as low as 6.9% - $10 fee for cash advance on timeobee.com - WA only as low as 6.65%cash advance no feeDCU.org - a Credit union out of MA - no cash advance fee low rate 8.5% rateWestern.org - no fee 8.99% interestand many many more, most are credit unions while other financial institutions and banks mostly charge you 2-3% up front fee with huge 20-28% rates but credit unions are the best for this strategy.Keep in mind the monthly payment on each card varies from 1.5 to 2.5% of the outstanding balance and this may affect your debt to income ratio if you ever expect to refinance or purchase other properties, so plan accordingly.

if this was a business model and a scheme.. and you did this to banks as seller you could be accused of trying to defraud a federally insured institution..

Execution of such a deal would require lots of wheels to work synchronously and you need to have good contacts and credibility with financial institutions where you would get equity and mortgages along with knowing the folks at escrow/title company first hand (by name).May be next time you would have similar opportunity and will be able to use the strategy. 

Will new players enter the insurance market, perhaps institutional?

When I go to different institutions that offer this service, it requires an "EIN" tax number or an entity type. 

I now am primarily an investor and also represent a large institutional buyer - so if you'd like to add me to your cash buyer list, feel free!

Or did the financial institution where you got the money (if it wasn't your own) include that expense?

Hi @Carlton Yuen, if you are an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

if you see allan's post above he says he is a hard money lender and has a company that does that.but then in his e mails and websites he says he is a private money lender.so in this context the two are  synonymous  with each other.. and you have a few different type of Hard money lenders.You have those that broker private individuals funds  so in essence a private individual will be the beneficiary of your loan.. and the HML  IE broker is make points for his services and may charge a servicing fee to you or the lender.You have HML who have raised fund through some sort of PPM or reg d offering and lend in the name of the PPMand you have companies that may have a credit facility with an institutional lender.. where by they lend some of their personal funds and the balance is taken from their credit facility .some banks will require an assignment of the loan once completed or simply an Alonge with the docs held in their vault.. this is how I ran my HML shop I had both of these with different banks...

These are investor based programs that allow you to monetize my portfolio quickly and with ease without the tedious, red tape instituted by quasi-governmental agency programs.Any further questions about investor, focused financing, would love to connect.