Learn

New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

REI Tech

Want to (Legally) Rob Banks?

Willie Sutton was a very productive bank robber for 40 years in the 20th century.  Apparently he was asked, ‘Why do you rob banks?’ to  which he responded:

“Because that’s where the money is.”

Now we here at Mogul don’t advocate any type of criminal behavior, especially not on the Willie Sutton level. But we do advocate going ‘where the money is.’ Banks can be a real estate investor’s best friend for financing properties at low interest rates or their worst nightmare if they start falling behind on payments.

Read on for a great tech tool to help navigate the bank’s rough waters…

Banks also hold the keys to tons of great deals for investors.  After all, let’s face it – these days it’s getting tougher and tougher to find a good deal on the MLS.  The real estate market is coming back and there is lots of competition.

Many of those great deals are held by banks in their loss mitigation…


Is there a topic you'd like to learn more about? Request a Lesson

Finished?

+ Mark as Learned

Valuable Lesson? Share it:

Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form