Personally, I think a lot of people come by BP wanting to jettison a job they hate, and somehow think that they'll get a bunch of rentals and spend all day skiing.

How does buying a pre-foreclosure work?

It's difficult to talk about when you're starting a business because everyone will be very optimistic (it's like talking about a pre-nup when you get married) but its a mistake if you don't.

I don't show the apartment to folks who aren't pre qualified via a pre qualification form I send them.

I was recently in the process of gaining a pre-qualification for purchasing an investment home (buy and hold rental). 

------------------------ORIGINAL POST---------------------------------------------------------I was recently in the process of gaining a pre-qualification for purchasing an investment home (buy and hold rental).

I know a pre-approval letter is required to submit the offer and thats why I was thinking about going the hard money lender route.  

Hi @Orkeem DavisIf you do end up buying the materials, I would open up a new cash back or mileage credit card with 0% APR for the first year.

Almost no listing agent is going to advise her seller to take an offer seriously if it is not accompanied with a pre-approval or pre-qual letter.

Personally, I feel like having a pre-approval for a conventional mortgage makes the process much easier.