Thread: Arbitrage income from rental property
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Old 04-03-2006, 10:52 AM
ExPat ExPat is offline
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Default Arbitrage income from rental property
Well my thought process: go to a local bank and take a cash advance of $50k via credit card and deposit funds into local account then write check.

Banks here let you take cash advances from credit card - assuming it works the same way there but perhaps not?

the more I think about it though, it may not be such a good idea with a 1% surchage for currency conversion and there may be some sort of NZ bank charge on top of that.
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