I got the idea for this blog from a Forbes magazine article. As the title suggest you can purchase real estate throughout Canada and the United States using your credit card. I am not suggesting this is the route to go given the higher interest rates associated with credit cards or unsecured credit lines over traditional mortgages, but in theory if you possessed a credit card with say a maximum limit of $100,000 you could take out a cash advance and buy that property outright with no financing required. Check your local MLS listings for properties under $100,000 and you will be surprised by the availability in today’s marketplace. Even in major urban centers like the GTA, apartment style condo’s can be found for under $60,000.
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