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Go to Realty Digest: News,reviews on real estate growth, investment in India for tips and tricks to invest in real estate.
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oh thanks for the i was searching this type of information related to the real state forum ,there are kind of information that you have share with us
thanks Ira-401k Real State |
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I would have to look at the details of the plan, but initially, this sounds like one of the dumbest things I have ever heard.
1) Credit cards won't give you a high enough limit to buy real estate. 2) Credit card interest isn't tax-deductible. 3) Credit card payments and interest rates are much higher than mortgages. 4) If you plan on borrowing from your credit card for a down payment on a mortgage, don't. Most mortgage lenders don't like that. Basically this seems wrong at first glance. Unless the details somehow overcome all the negatives (which I doubt), don't do it. |
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