My Real Story Of Using Zero Interest Rate Credit Money To Make Money
John
like to share with you here as following.
I keep getting letters from credit card company offering me credit
crads with 0% interest rate from 12 to 18 months. I kept througing
them into my drash can.
Until one day, I decided not to through it away and wanted to make
some money fomr this. So I submitted an application form for the
credit card. Weeks later, I got a credit card and also some blank
checks that allowed me to use upto $15,000 for cash.
I had an investor friend who was asking me about lending hard money
for his rehab property for few money. He wanted to pay the money back
in a few months after the property was fixed and sold. He was willing
to pay me $1,000 as interest in less than 12 months for a $10,000
dollar hard money loan. He also used his mini van (worth about
$20,000) as a collateral in the promissary note.
So I wrote a check from this credit account to him. The credit
company
charged me for $300 for the transfer fee. He passed me the singed
promissary note with the title of the mini van. I pased hime the
check. Six monts later, he send a $check with $10,000 plus the $700
for the interest.
I made $700 dollars in 6 months without using a penny of my own money.
What a deal is it!
This is the end of my real story.
My questions to you are:
Can you do something like this? You bet. Can you do 5 times
a years? 10 time a year? How many credit cards like this do you want?
it is up to you.
About me:
John Wen
Real Estate Investor
owner of Top Home Selling Tips Blogger of
http://besthomesellingtips.com