Active Life, Passive Income

Sources of Money for Doing Deals

Episode Notes

In this episode, Nate discusses:

• What sources of money are available to do deals (without using other people's money).
• Making your retirement accounts work for you. 
• Creativity with credit cards and cash sources.
• Borrowing money from yourself (such as life insurance or retirement accounts).

Key Takeaways:

• Get creative with where you look to find the money you already have that you can invest in property.
• You can use credit cards and turn it into cash if you work it correctly.
• Be careful with personal lines of credit, but you can max out a business credit card and it won’t impact your credit score. 

"There's no sense in getting all the debt paid off on your house. Instead of doing that why not use that equity that you have in that house at a low interest rate, borrow that money, and use it to buy another property." —  Dr. Nate Lambert

Connect with Dr. Nate Lambert:

Website: ActiveLifePassiveIncome.com     

Book: Active Life, Passive Income

Show: ActiveLifePassiveIncome.com/Episodes

Email: Nate@ActiveLifePassiveIncome.com

Facebook:  facebook.com/Active-Life-Passive-Income-102699594994762

YouTube: youtube.com/channel/UC--vkBu2-54tS0cZ-IxCLNQ

LinkedIn: linkedin.com/in/natemlambert

Instagram: instagram.com/natemlambert

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.