If you follow this blog you will hear me tell you over and over again that your reputation is everything. If you get into the good graces of just one private money lender, your real estate career could be off to the races. The more you get involved with real estate, the more you will realize that finding money for deals is the easy part. The hard part is finding the deals to attract the money.

It is your responsibility to pay your investor back regardless of the circumstances. Before you receive any profits, they are to be paid first. When you borrow someone’s money you should feel more vested in that deal than if every dime you had was tied up in it. You do not have the luxury of failing, blaming the market, or giving up. Your investor is counting on you and so is your future.

If you want to succeed in the world  of entrepreneurs you really have to commit to a positive outlook. If you haven’t read that  previous post… Check it out!

If I make $0.00 on deal but my investor leaves smiling, that is worth its weight in gold.

Bonus tip: Keep your investor updated! Most people tend to talk less when there is an issue. When there is an issue, you should be communicating more. I personally update my investors once a week. They are provided a link to my dropbox folder for that project. They can see step by step what is happening with the property. I’ve had investors thank me for keeping them up to date with the project because it wasn’t the usual for the business. The way I see it, if it was your money, wouldn’t you want to know what’s going on?