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Updated over 5 years ago on . Most recent reply

Peter Dalton's profile image
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Peter Dalton
  • Member since Oct 29, 2019
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Peter Dalton's profile image
Peter Dalton's profile image
Peter Dalton
  • Member since Oct 29, 2019
Connect
Peter Dalton
2
Votes |
22
Posts
Starting Out

Preapproval letter For buying rental

Peter Dalton
Posted

I went to credible and received a preapproval letter for my first rental for $225k. The property I am looking at is only 200k. Can I use that 225k to buy the whole condo, or do I need a downpayment outside of the letter? 

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