700 Credit Score for First Time Invesor/Buyer Funding

[Ashley Sanchez]

Hi everyone! Quick question-- I will be purchasing my first home and recently decided shortly before joining BP that I would purchase a multifamily home instead of a single family home in Ga for all the mang benefits of --house hacking as a single person, secondary income, tax write off and benefits, and start of building a real estate portfolio. However, after reaching out to a realtor in GA about what I wanted to do, she told me that I would have to get qualified first. While I understand that getting qualified would help me know the total amount would be lent to me for funding , but the pre approval is only good for 90 days and if i haven't decided what area I wanted to live in.. Would it be a good idea to get pre approved? If I don't decide in 90 days, I would have to get 'qualified' all over again thus driving down my score each time I get qualified. I appreciate your advice! Ashley