Why Successful Real Estate Investors Prefer Private Lenders And Run From Traditional Banks

It's often said he who holds the gold makes the rules. The saying absolutely holds true when discussing real estate investing. Traditional banks and lending institutions typically do not like the risk involved with investing in residential real estate, especially foreclosure investing. Their thought process seems to be that if the house is not your primary residence it is much easier for the investor to default and essentially walk away unscathed except for a derogatory remark on their credit report. Conversely, private lenders seem to better understand the goals and intangible ability for real estate investors to be able to take a foreclosure and make it a beautiful home once again.

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