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We know a lot of people who are “trying” to make a living in real estate. Many of them are struggling right now, and this may be because they are still using old methods and strategies which no longer work.

Marshall Sylver teaches his students to eliminate the word “try” from their vocabulary because, when we “try” to do something we’re not actually committed to DOING it. When we “try,” we’re always allowing for the possibility of failure, but when we’re COMMITTED, we refuse to allow for failure, since we are determined to achieve the goal, WHATEVER IT TAKES!

This latter attitude is what’s needed in our current economy. There may well be more foreclosures across the country than ever before, and prices in some areas may be down to where they were ten tears ago. Nevertheless, having a roof over one’s head isn’t likely to go out of fashion any time soon, and the majority of people will still be living in a building somewhere no matter what the economy does. So real estate is still the BEST and SAFEST long-term investment. The biggest problem is that, with credit so tight, hardly anyone qualifies for a bank loan.

So the question for the smart investor is, “How do I get my hands on some of the available real estate at these unbelievably low prices?” and the answer is “Private Money.”

Almost everyone knows someone who has money to invest (or already invested at a pathetically low interest rate that isn’t even keeping up with inflation) and such friends or family members can take the place of the bank in financing your deals. For one thing, they know you personally, and are more interested in your character and responsibility level than in your FICO score or your debt-to-income ratio. They are likely to have your interests at heart as well as their own, and so will lend to you at rates that aren’t crippling and without huge loan fees up front. When you return their investment with good profit, they’ll be happy to lend to you again. So, stop worrying about your credit score. Start using your HUMAN resources!