My friend, Helena, asks the following question that I'm sure many of you are wondering about in these days of strict lending standards from banks.

Q: What's the best way to leverage assets if you don't have a job? For example, if I have a rental property with $50,000 in equity, how do I get access to that equity so that I can purchase another asset? In the current economy, HELOC's are hard to get, and a traditional 2nd Mortgage requires verification of income. What options can I take advantage of (instead of working an 8 to 5 job) so that I can keep investing in real estate?

A: First, I would refer everyone to my blog from yesterday to Mike in Canada about creative financing. This applies to those who don't have a job as well as to those out of the U.S.

Second, I would suggest looking to investors who would be willing to lend you money secured by a second mortgage on your property. Just like banks, you will pay a higher rate than a first mortgage, but that doesn't matter if you have a good use for the money. Investors like this come in many forms, including friends and family, business associates, and former business associates.

The issue most people have raising capital is that they won't ask for it. This is just head trash. If you don't think it's a good enough deal to ask someone for the money, what are you doing making the investment?!! I suggest everyone take Blair Singer's sales training at http://www.salesdogs.com. Blair is a terrific trainer and great salesman.

Of course, if you are married, you can use the income and credit of your spouse. This is the easiest way to get the equity out of your property.

I would also suggest you begin developing a banking relationship, preferably with a smaller, local bank who you can get to know and can give you help getting the financing you need and deserve.

It's critical that you use your money and keep it moving to build your wealth. This is called velocity and is the only way to build wealth quickly and permanently. With velocity, along with leverage and minimizing your taxes, your financial freedom is closer than you think.

Warmest regards,

Tom