When should I get pre-approved for a loan ?

[Colby Zeller]

Hi, I've recently been looking into loans, and approval for loans. The one question I have yet to get answered is when should I go to a lender to get pre-approved. I plan on buying my first rental property towards the end of 2023, and I'm not sure when would be the best time to get approved. Is there a time frame for which you have to act on a property from when you get approved ? The one thing I don't wanna do is rush this process !

[Bob Willis]

Do it just before you are getting ready to make offers. That way both you and the seller know you are ready and able to purchase.