Episode 14 – Loans For The Beginning Investor

Episode 14 of the Smarter Landlording Podcast is a discussion with mortgage broker Herb Hyman.  Herb has been in the mortgage and loan business for over thirty years.  He has seen the ups and downs of the real estate market along with the good and the bad.  In this episode Herb shares his knowledge on acquiring loans for investment properties.  This episode is focused towards and will be especially helpful to those just starting out in the investing world as Herb knows what it takes to get the loan process going. 

Listen as Herb and I discuss:

• Beginning your search for investor loans.
• Common types of loans for new investors.
• The documents you need to get together for the loan approval process.
• Getting pre-approved.
• Down payments.
• The importance of your credit report and having your own house in order.
• Appraisals
• Why a local underwriter is key.