Why Don’t Bankers or Mortgage Lenders Invest in Real Estate?
One person was okay with us reveling his information so we haven’t blocked it out! This is not a sale or marketing pitch for him. Both answers are very valuable!
So there you have it folks, the results are in!
These answers smashed my assumption and our fellow LLP-er’s question out of the park. We both assumed that bankers and lenders do not invest in real estate, apparently this can be a false premise. Just as with anyone else, different professionals may have differing opinions and approaches. We really resonated with Brian’s answer – if you are seeking an investment loan, it would be prudent to ask about the potential banker about his or her real estate investing experience.
If you have any other tough to answer questions, let us know! If we don’t know ourselves, we will be sure to reach out to our network to bring the answer to you.