We are still under 4%.The consensus (my skeptical ears perk up when I hear that word) amongst the finance community then became a“soft landing.”

So they will do a soft pull or hard pull on your credit, they will look at your credit history and also your b.g.All that matters is the cash you have on hand, not what you make per year.I start new investors every year. 

It should be free and usually it's a soft credit check...so there's almost no downside to getting prequalified.  

Getting prequalified for a loan is free (or should be) and usually is a soft credit check. 

If you're seeing more price points that are higher than the norm typically it means that either the market is shifting gradually up or that there's multiple people involved in that deal "chain" before it gets to you and everyone is adding their markup.My advice would be to attend a few local meetups to brush shoulders with other investors to pick their brain about whats working in your market AND to start marketing direct to sellers instead of trying to get the deals from wholesalers. 

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

I would brush up on terms and negotiating since you will be doing it yourself especially if you want the price your home is worth.

Looking forward to connecting with you. best strategy I've come up with after 10 years of experience in columbus is to build new construction multifamily with equity. 50k land purchase, 10k soft cost / rezoning / permitting, 300k hard cost, refinance and is worth 500k. build - Rent - refinance - repeat. if you want to buy old properties I would but no agent is going to stay on with you and you only get some diluted version of what they call a contractor who probably isn't licensed.

I am not pre-approved yet as I still don’t want to get a hard credit pull when I am between renting and buying, but I have contacted a local broker to get a soft pull and a rough idea of what I can afford as far as rates, MIP, and down payment.

My name is Mo, I'm a broker and investor in NYC and end up working with a lot of househackers/multi-fam investors since I'm one myself :) I recommend looking up meetups that are happening near you as those are a great way to brush shoulders with others that are active in your area.