Day 73: Getting Pre-Approved The Step Everyone Skips

Описание: Most investors start shopping for deals before they know if they can actually close.

That’s a mistake.

In Day 73 of the Storage 100 series, Joe Downs breaks down why getting pre-approved is the step almost everyone skips — and why serious buyers never do.

Joe explains the difference between pre-qualification and true pre-approval, and why one is just a guess while the other is a verified lender commitment. He walks through exactly what lenders review, including your personal financial statement, tax returns, credit score, liquidity, and real estate experience.

You’ll learn how pre-approval defines your real buying power, why sellers take you more seriously when you include a pre-approval letter with your LOI, and how it can dramatically shorten your closing timeline.

Joe also covers the typical 1–2 week process, how long pre-approval letters remain valid, and why you should refresh your file every six months in competitive markets.

Pre-Approval = Serious Buyer
No Pre-Approval = Tire Kicker

If you’re actively shopping for a self storage deal, this episode is required viewing.

Get approved before you shop.

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