Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

21
Posts
3
Votes
Thomas Larsen
  • Rental Property Investor
  • Baker City, OR
3
Votes |
21
Posts

Should I get approved for lending first?

Thomas Larsen
  • Rental Property Investor
  • Baker City, OR
Posted

I am working on my first brrrr property and its owner carry until I finish rehab. The rehab might take +3month. Should I get preapproved just to make sure I can get lending? If it takes longer i will have to get approved again because of the 120 days it is valid. This will be my first actual property let alone brrrr. Brandon Turner's book advises this but not sure because my credentials are pretty solid. 3+ years at same job. 755 credit. 140k income. 46k debt (truck and fifth wheel I live in)

Loading replies...