cons of multiple pre-approval letters

[Benjamin L.]

I'm looking at a few different markets for my first investment property and was wondering if there were any negatives to getting a pre-approval letter from a local bank for a loan now if i decide to go with another market where that bank is unable to loan? only negative is that i can tell is that the hard pull on the credit report could affect my credit score if i end up going with another lender due to different state. thanks!

[Robin Simon]

There aren't too many - one thing to definitely know is that as long as its within a 30-day window, multiple credit pulls from a real estate lender (bank, private lender, etc) will only count as one and won't penalize you further for shopping around