Getting loans matters more than the interest rate. If a property deal generates good cash flow and you can pay down the debt, paying 8% instead of 9% is noise. Access to capital is what lets you build a million-dollar portfolio.
So to me, there's 4 different keys to lending success, right? So the first one is all about access to capital. It's not the cost of the money, it's the access to the capital, right? So your ability to be able to grow a multi-million dollar portfolio has everything to do with your ability to be able to access ongoing lending, right? It has everything to do with that. So to me, I don't— if a loan is 8% or 9% or something like that, but I can go and get a much better outcome in terms of the property deal I've done, I don't have a problem paying that because it's just math to me. It's just sitting there going, well, if I'm paying this but I can make this and I can cash flow it this way and I have a plan to pay down my debt, no issues to me. So it's just a mathematical equation because it allows you to take out the emotion of it and to really look at it from a deal standpoint. And that's what you're going to be focusing on doing this.
