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Can you purchase land with a credit card?
We found a plot of land that we like. We can cover most of the cost, but have about $20K that we need to finance. Instead of going through the bank and a mortgage, we're thinking of simply putting it on a credit card that we'll try to aggressively pay off. There's options for low interest cards for the first year, and that may benefit us. Is this even possible though?
Asked By Gary | Somerville, TN | 125 views | Finance Legal Info | 2 months ago
Answer(1)
Peg Walsh
Four Seasons Sotheby's International Realty
I recommend that you consult with your real estate lawyer or accountant in your state. It may be possible to obtain a cash advance and use those funds.
- 1 month ago
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