estate? Has anyone tried this method for getting your money to invest in property. Someone from Real Estate Investing Institute suggested this to me but I had never heard of doing it this way. Would the interest rate be lower than if you go to a bank? He said you could just do a transfer balance until you get your profit. Seems oversimplified and risky to me. What do you think?

It's not so much about how risky it will be, but your money cost is increased significantly because credit cards usually are at a much higher rate than other solutions. You might want to try a bank or mortgage company to see exactly what you qualify for so you don't get stuck paying back the money with a high interest rate. The amount it costs you to get the money to buy a home should be taken into consideration with any calculations you make for an investment.

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.

I have used and continue to use credit cards to buy property. I have a very high credit limit and when I took out the loan my interest rate was 4%. I buy the property for cash. If your payments are higher then so is you reduction in principle as is the reduction in interest expense. Who says credit cards interest is not tax deductible, you can deduct it the same as any other expense.