It's one tool in your tool belt where you can access pretty much an unlimited supply of capital.

That's Justin Foster who built an impressive small and mighty rental portfolio, but he's also a

hard money lender who helps other investors get money for their deals.

A hard money lender is just somebody who lends money as a business and they secure it by

collateral and real estate. In this episode, you'll learn the importance of locking up a good deal first before you try

to get the money.

You could glance at it and say, get it under contract like yesterday, and then we'll figure

out the money this week.

The challenges of hard money.

The cost of the money is the highest with hard money.

And so you're paying a premium on interest for

the speed and the convenience. And the four Cs to ensure you get approved for hard money loans.

The first thing would be the collateral. I'm interested in working with people who have

good character, cash in the deal. What's C number four? The last one would be. And now we're going to dig into all of that and more.

So, Justin, I want to give you a real life scenario where let's say you are a rental

property investor. You're in the growth mode

and you just bought a rental property last week. And you used every bit of your financial

ammunition that you had, your down payment and then some all the repair costs. You've got zero

cash left. But then this week, like a week after your deal you bought, the deal of a lifetime

comes in. And this is like in the bull's eye of your place you like to buy is like a perfect

type of property. Not only that, like the seller is really motivated. And they're like, I just,

I'm just going to get rid of this property. And you can basically buy it at about 60% of the full value all in, including repairs and everything. So, I mean, this deal is just the best. You've ever seen it. You got zero money. Let me start with that scenario and say, all right, Justin, Mr. Entrepreneur, investor guy, like, what goes through your mind on how you could actually do this deal? Do you walk

...