4 Ways to Get Quick Cash for Good Deals

You're about to discover 4 ways to round up some quick cash for your next good deal. Whatever the opportunity, whether a real estate deal or a new business, these 4 money sources can be extremely helpful for you. These are the very same techniques that my Apprentices use which allow them to do more deals, especially creative financing ones. You can probably employ 1 or more of these ideas right away to shore up some fast money. But make sure you use them for profit making opportunities as opposed to blowing it on personal items!


I'm a big fan of debt, if it's good debt and there's a big difference between good debt and bad debt. I have a great video on that subject called “Why Pay Off Student Loans Early?”. In that video, I share a detailed explanation of why it's better to take the money you were going to use to pay the student loan off early and invest it in high return on investment endeavors like real estate investing.

People run into problems with debt when they blow the money on personal things, like vacations or a bigger house or car that they don't need. What I'm focused on is using debt reasonably and responsibly for money making endeavors that can bring much bigger returns. In another video I have called Personal Finance Advice You’ll Hear Nowhere Else, I encourage you to be very aggressive with business expenditures, but then being very conservative with personal ones.


Here are 4 ways to get access to quick cash or credit, for GOOD deals. We don't do this for things that are unproductive, they need to be productive deals.


1. Borrow from Your 401K

Solo 401K

I love this idea because you're borrowing from yourself and paying yourself back interest. Most 401k plans allow you to borrow money from them. I'm a huge fan of a specific type of 401k retirement plan that I call a solo 401k, and I have a video The Power of the Solo 401K that explains how that works.

The solo 401k is a great tool that allows you to borrow up to $50,000 of your own money. If your current 401k doesn’t permit borrowing, you could call your 401k administrator and ask if you can roll that over into a retirement plan that would allow you to borrow money. Especially if your employer is matching your retirement. Make sure you take full advantage of this powerful tool because it’s free money. This is my favorite way to get quick cash.

UPDATE! The new CARES Act allows you to borrow up to $100,000! And you can also take a distribution of up to $100,000 with no early withdrawal penalty and you can spread the taxable income over 3 years.


2. Lines of Credit


There are three different types of lines of credit. The one most people are familiar with is a HELOC, or Home Equity Line of Credit. This is when you borrow against the equity in your home. I have a HELOC against my house, and about every two years I expand it as the value goes up. I use this all the time to fund my apprentice’s deals and for funding my own deals. The money goes out and comes back in a few months later. Interest rates are low and it's fantastic.

However, a lot of people can't get these for several reasons:

  • Not enough equity in their home to do a line of credit.
  • They don’t have the credit or the application worthiness to be able to get a line of credit against their house.
  • They don’t own a house.

What do you do if you don’t qualify for a Home Equity Line of Credit?


You can do what I did when I was first getting started and apply for a personal line of credit. I got a $7,000 personal line of credit at a local bank called the Bank of Nashville. It was a lifesaver and I used that to pay sellers to move out and cover a contractor before the closing. Thank you to Jonathan at the bank in Nashville for changing my world with that little 7K personal line of credit way back in the day. I don't know that a lot of the larger banks offer them, but some of the smaller banks do, and it's against your personal credit.


This one is exciting, especially for those of you who have had a business going for awhile. The business line of credit is credit against your business. So, if you set up an LLC and have been flipping houses for a year or two, you might be able to establish a line of credit. As you use it, you can begin to build it up and increase your borrowing ability. A lot of my apprentices have set up very large business lines of credit after graduating. They're making hundreds of thousands of dollars a year and they can get a line of credit against that business. This is great because you don't have to use the money, but it's there if you need it. It’s also convenient; using your online banking, you just move the money over. It's almost as good as cash.


3. Credit Cards


There are a lot of great little tips to share with you on this type of credit. First, credit cards have a higher interest rate, therefore you do have to be responsible with them. You probably already have a personal card and I hope you're moving a lot of your personal expenses through it so you can get the rewards. It’s like free money or free flights, so go for it. I personally have a Citi Double Cash. It gives 2% cashback on every purchase, 1% when you spend and 1% when you pay it off. I pay it off at the end of each month and that really adds up over time.


What I really think is exciting is business credit cards. I'm surprised by how many real estate investors don't have one of these. With a business credit card, you still get the rewards, but it doesn't show up on your credit report. This can be helpful in all kinds of ways. So, if you don't already have a business credit card, I encourage you to get one.

One quick tip for you is to request an increase in your availability from your provider. Why not? You don't have to use it but get access to more capital.


4. Other Credit Sources

Paypal Credit

Some folks that I've talked to have had been using the PayPal small loan they provide. Apparently, it's very convenient and easy to get.

Peer to Peer Lending

Another option that is a big deal these days. This is an expansive topic that I'm not going to dive into because of my limited experience. Some of you may know a lot more about it than I do. There are a lot of different providers with different terms and specific niches.


BONUS! If none of those work for you

And if none of those techniques work for you, as a last case resort, here's a free course on how to make some fast cash by finding deals for other investors: Free Deal Finder Course


Learn More:

If you would like to learn about how to get money for a real estate purchase, which is a slightly different topic than this one here, I've have a great video on that. In it I talk about hard money loans and creative financing.

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  1. Frank Mathis says

    Very surprising


  3. Thank you for your time and effort. I don’t have money right now but your book will be a step one into my success.

  4. shawnnna charbonneau says

    i need that copy for my dad

  5. Brian Finnigan says

    I need a book for ideas and motivation

  6. Carolyne Chernutan says

    Although I have no cash flow at the present, I certainly can make it to a Showing. The drive and desire to succeed make up for any shortcomings.

    Carolyne Chernutan

  7. Crystal hi Austin says

    Bc I know a lot of people and I will be great for business

  8. Christa Wiggins says

    I need a book

  9. Cynthia Gallegos says

    Thank you again for your consideration I am a 59 year old lady that has worked hard all my life raised 4 children and am a grandma and great too. Now am a live in caregiver for a 99 year old lady (Ruby) I have no home to call my own my car is down and I have time on my hands please consider me thank you Cyndi

  10. Let’s talk

  11. Oluwadamilare says

    Am ready for this please send me the books

  12. David Jackson says

    I just wanna be able to provide for my family

  13. Marlo Baker says

    I want to learning everything for I can be ok a successful businessman in a great leader to help other achieve their dreams become a billionaire one day

  14. Thank you for your consideration I will most certainly appreciate your mentorship. HH

  15. I’m so Exciting

  16. Cathy Tatum says

    I’m ready to get started please send me the book.

  17. Arthur J Johnson says

    I think this will be a great opportunity career

  18. Needing one of your books


    I need the free book

  20. Mariano h. Alberto says

    Thank you Phil for oppening this subject you are a good mentor i understand that to make money you should have money .ill be back asta la vista

  21. Winston D. Smith says

    Thanks For the opportunity to learn from you what it takes to start. i will need to find cash some other way and get back to you to see if there will be a way to partner with you and split the profit of each deal while i learn

  22. Frank Thomas says

    I would appreciate all you can do to help me succeed in my life long dream. I can’t wait to learn all you wish to teach me.I’m a very good learner and obsorb knowledge quickly.

  23. Maurice Gabel says

    Thank you for your help in getting me back to thinking about real estate with your free books. I realize that having no $$$ to deal with was my main hurdle in the past. But with reading your book I have realized it is time to jump back in with other people’s $$$………
    Thanks bro. God Bless

  24. kelvin mitchell says

    I am no longer married starting a new life no home no 401k bad credit and right now staying with my older brother I am 60yrs of age but I do work and now I am working on building a better me I am very smart and quite honest I just like a chance to do something good with the time given to me and be one of gods children that can show people that everybody isn’t a bad person trust is very important thankyou

    • LegendaryMeko says

      Amen to that because I lost the few I grew up with for going against my morals and principles that God instilled in me from birth! Im glad there’s one more other than me still out here!

  25. Yael Montesdeca says

    I will like to get the book to have more knowledge

  26. Yael Montesdeca says

    My name is yael my goal is to learn more because I know god will give me more wisdom to this and also taken action my vision is very strong so I know I will make it just help me give that small push and you will see everything happen for a reason so thank my name is there and my email sir with respect thank

  27. Oscar Holloway says

    I really want to learn how to own real estate, and anxious to learn!

  28. Lawrence W Daugherty says

    I truly believe that if you give me this chance I will not let you down
    Thank you

  29. Neiman Robinson says

    Thanks for opportunity

  30. Robert Haynes says

    I want make alot of money i am business minded individual who wants learn all about real estate

  31. Aamir shafat says

    It seems brain-booster and path paver; will trY with this developed procedure – hope i get the book to be ace apt

  32. Marie Sneed says

    Thank you for your presentation on how to find deals. I find that you a an excellent Mentor! I am going to do what I have learned from you Video presentation. I still need watch Step 3 so that I can start to find leads and then may be find an Investor to closed the Qualified Deals!
    Will get in touch with you to tell my success story of be a Creative Investor! Hua Hua!

  33. Martin Fredericks says

    I have absolutely no money, and no credit to speak of, as since I broke my leg in June of last year, I have run all of my credit cards up to the max and they have now been taken away for nonpayment. I don’t have a house, I don’t have a business, I don’t have any way to generate money. I am living off of the good graces of my friends letting me live in their shed, with no electricity, running water, toilet etc. I get $270 per month for food stamps. That’s all I’ve got coming in.

  34. Kelly Fasthorse says

    Thank you Phil for the book I can’t wait to get started and I can’t wait to be apart of your real estate team …we are all blessed for success… Gold bless

  35. Samantha Stubbs says

    Hello .Thanks for the opportunity of taking foot steps toward a awesome lifestyle.

  36. Scott Davis says

    Please take your time to contact me. I know I could be an asset to a real estate investor or management company. I will prove I have what it takes to be part of your team. PLEASE mentor me. If this is the real deal you have my information. I look forward to hearing from you,or prominent member of your team.

  37. Frank Romanach says

    Look very good I Wll to Try

  38. I’m a single mom of two two daughters I’m going to start something now so I could see in the future how I can help my kids I have a 6 year old and a 1 year old but I don’t have any college degrees so let’s to start something small

  39. Cheryl King says

    Interested in becoming a deal finder first.

  40. DarrellEverett says

    This is Darrell Everett im glad that I found a career online .,Because a single Father with two awesome kids, to take care. I need to make some good money for a change..I want to buy a Ocean view Dream Home.. here in San. Diego Ca . I want to travel around the world with my two 1st Class … Preach the Gospel…….Jesus Chirst Life Changing Kingdom Ministry …..Pastor Prophet,,and Evangeiist

  41. I’m looking to purchase homes and turn them into rehab facilities. I’m a RN so I know a little bit on how to navigate thru what licenses I need to purchase a home and make it profitable turning it into a rehab facility both drug rehab and elderly long term assisted living homes.

    • Phil Pustejovsky says

      Assisted living facilities are a growing niche. I personally have never had any experience with those properties but one of my attorneys has built several of them. He’s raised over $50MM to do it. From what he has shared with me, it takes several years longer than you think and double the amount of money you estimate due to all the regulations and requirements. I shy away from real estate developments that are so heavily regulated.

  42. Harry Widmann says

    Thank you for your time. But I truly have nothing. Sorry to waste your time. Thanks.

  43. Ethelyn Ray says


  44. Gene Swift says

    I can do this. I’m going to put some cash together from my Remodeling business might take a couple weeks but I’m in.
    Thank you for putting this in my mind.

  45. bernice Thompson says

    Thank you Phil God

    • Eric Niemeyer says

      I’m 40yrs old Mr.Pustejovsky, my name is Eric! I’ve never had a mentor/coach give positive motivation.I’ve always struggled with providing and give my family working 50-70hrs weeks knowing and trusting in our lord he has a better plan for me to provide for my family giving them the things i never had they deserve we are promised in these blessed land I love and will never give up..thank you Mr.Pustejovsky

  46. You are truly a great mentor and coach. All I can say show me the money now.

  47. When I listen to to your videos, you are a God sent. I see the that I am a billionaire if I ever applied your principles. The sky is my limit.

  48. Maurice A Payne says

    Thank you so much I haven’t even received your book yet and feel well informed your doing a great deal of good for people all around you and thank GOD for people like you, my man…

  49. i really wanna start work but im really broke i don’t even have 4O1K and i i dont how to get money like that

  50. Dawn Martin says

    Wanting to get started

  51. Thanks for everything.

  52. When do I get the free book

  53. Thank you.

  54. Thank you Phil; this is something I really would love to do. God continue to bless you and me as well.

  55. Thank you!

  56. Martino Meisas says


  57. christine hyland says

    Interesting .

  58. Thank you.

  59. Thanks Phil, you always provide great stuffs.


  60. Thanks for keeping me in your email chain Mr. Phil. I am more manifesting no obligation funds towards to start your Apprentice program. I hope to join your PreApprentice program soon.

  61. Great videos I always watching for more tips. Love to hear how you decide Whether to hold on and rent or fix and flip. Thanks

  62. Thank you Phil!

  63. I would love this opportunity of a lifetime. I really would like this to be one of my careers. Thank you and may God bless you and your family.


    Thanks for the offer truly have no money right now. Will have to keep this in mind that your book was free would have been good reading.

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