I was just given a pre-approval for $180K, lender said best option is to use the credit cards for the 3.5% down, it would be a 203K loan, lender said stay in there for a year and then I can rent it out.I currently have a 3 family property, I am renting 2 of the units out and am staying in one unit.

I'm marketing to pre-foreclosures so I think it could definitely be useful but I'm not sure if that data is a could/should/must.Any thoughts would be greatly appreciated.Thanks 

It might get you cash to get this thing rolling.  

A bank told me I could probably buy a $700,000. house with my excellent credit.The appraisal for the house came in after I filled out the paperwork for the pre-approval at my credit union, so we didn’t know how much the house was worth, but I wanted to get all the pre-approval stuff out of the way because I didn’t know how long it would take.

If so, you should be asking him/her these questions along with the lender that pre-approved you.

I'm new to investing but have been looking at some pre-foreclosurer/foreclosed properties in and around the Philly /Montgomery County area to fix/flip an rehab to rent.

They will ask for my pre approval letter.

I have been working with a proven mentor in San Diego, CA door knocking Homeowners in Pre-Foreclosure and Auction and will be moving to Oak Harbor, WA a month from today due to military obligations.

A lot of sellers will say that, but when you hit them with a competitive financed offer (shortened loan/appraisal contingency, high EMD, short due diligence, etc) and pre-approval, they almost always reconsider.Really, the only reason cash offers are more attractive than financed offers is because of the uncertainty pertaining to the borrower as well as the property qualifying and appraising.

Hello BiggerPocket Family,The subject title says it all but I am pretty sure there is going to be mixed reviews in regards to it. But I am just curious to find out where are investors and wholesaler generating most of...