In this episode, Larry invited Dave Orloff of American Heritage Lending. He's been in the mortgage business for years. American Heritage Lending is a lending organization for the real estate investor community. He is a full-service mortgage broker with extensive knowledge of mortgage lending. He talked about how the mortgage industry works, how to get loans, and many more.

Topics:

• Dave's background
• What his business is focusing on
• Operating nationwide
• Different types of loans
• Underwriting process
• The importance of experience as a lender
• Their process from start through closing
• What happens once the loan is approved
• Some of the required documentations
• AVR appraisal
• Their terms
• Their qualification
• Advice to those who are just starting
• On working with them

Quotes:

• "The investor can't do a deal without money."
• "Don't go take a giant giant leap into the business."