Whoa...is what you\'re probably thinking after reading the headline. I\'m not going to use my credit card to invest in real estate!
But wait, there are ways to use this powerful form of leverage responsibly and profitably.
First of all, you need to be absolutely clear about your strategy and how the credit card will be used. Meaning, this should be used as a short term form of financing. Compared to 15% plus 3 points for Hard Money, or 9-10% on a Heloc, a low interest credit card can actually be a cheaper form of credit.
Here are a few pointers to keep I mind regarding the use of credit cards as part of your real estate investor strategy:
Using a credit card can be a very smart way to finance rehab costs, or even down payment money. Just make sure you have solid financial practices and know when and how you plan to pay off the card. Your real estate investor strategy can be greatly enhanced from it.
One smart way to use credit is to get Corporate Credit Cards for business use. To learn more about Corporate Credit, it\'s role in the real estate investor strategy, and how you can access $200,000 in credit, visit us at our real estate investor resource site. Click here to access that information
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