You're listening to the Sub 2 Breakhouse with Pace more beyond the wholesale hotline podcast.

Yeah, so my dilemma at the moment is I have money.

How much money do you have?

So I have 250K in a CD at 4.8%.

And then I have a second CD for 250K at 4.8%.

So off of just the half a million sitting in CDs, I'm going to make 24K in a year. Yeah. And so considering

having it sit somewhere, I feel like it's doing great. Long term, I'd rather put it somewhere.

That's why I've like been, you know, I've been throwing spaghetti on the wall trying to figure out

real estate too. This isn't the my rodeo with it.

Well, this is way better than a phone call then. This is great. So, you know, Caleb reached out to me.

He's like, hey, can you vouch for me? And I said, first and foremost, I don't vouch for anybody when

it comes to money. Like, I wouldn't vouch for my own grandmother. I wouldn't vouch for my own

wife. I wouldn't vouch for anybody because giving somebody a recommendation to go

lend money to somebody else is a horrible business practice because I have no control of the deal.

I have no benefit in the deal. For example, people will come to me and say, hey, I want to loan

money to this person. What do you think? Will you vouch for me? And I'm like, oh, man, I sponsor a deal.

So like people come to me and they say, pace, this is one of the gator strategies that I have. It's one of the five ways to be a gator lender. I don't know if you know anything about gator lending. But it's like you're in and you're out or you're using a resource that's not necessarily your resource like money. Like people come to me and go, hey, well, you do this deal. I go, yeah, I'll do that deal, but I'm not going to use my money to lend. I'm going to go get three or four

people. We're going to pool money together and I'll put the deal together financially and I'll get a slice of that. That's basically gator lending, also doing it with earnest money and small chunks of money and stuff like that. But one of the strategies is people come to me and go, I want to do a

fix and flip, but I was turned down by my fix and flip lender because I don't have any

experience. Can I borrow your experience on my application, which is me sponsoring them, right? Like using my name, my credibility is a way for them to get a loan. I will do that. But guess what? When the property gets purchased, everything is in my name. I own the

property. My name is on the deed. I'm in full control of the asset because if you go over budget

or something bad happens, I get to take that asset back, not because I'm foreclosing on you,

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