When should I get a pre-approval letter?

[Taylor Zima]

Hi BP!

I’m actively searching for my first investment property. I will be seeking a bank loan to purchase the property and I’m wondering when would be a good time to get a pre-approval letter. I haven’t narrowed down any properties, just actively looking. I understand some have an expiration date. Any advice is much appreciated!!

Ty

[Account Closed]

I'd say it's good to have a preapproval letter when you're actively in the market looking for deals. Some sellers are super annoying about even considering an offer without a preapproval letter, and banks can take forever to give them to you. Just my two cents