Pre-Approval from lender for B&H?

[David Carbajal]

Hi BP!

I am on the hunt for my 1st buy and hold...

I have been in touch with a few realtors and they suggest a pre-approval from a lender while we concurrently search..

I did go through the conventional loan process for my primary residence here in California but have not done so for a rental property (out of state). What are the major differences from a primary residence to a rental property? Since I am searching for a buy and hold out of state, do things get complicated? Just looking for some tips and advice.....

Would things differ if I find a foreclosure?

Anything against Quicken loans? Or should I use a bank? etc....etc...

Thanks all!!!