Wait to get Pre-approved?
Hi, my name is Shawn. First-time post, here!
So, I got my real estate license earlier this year, and now I want to get into real estate investing. Particularly rental properties. I do work full-time and have no debt except for my car payment which I have just under $4,000 remaining to pay off. I obviously don't want to look at properties that I won't be able to get, but should I wait until my car is paid off before I get pre-approved? Or would it not make that much of a difference and I should just go to a lender and see what my buying power is right now so I can at least begin looking? I've been throwing more on the car payment to pay it off quicker, as my goal is to purchase my first rental property next year.
Thanks in advance!