Day 73: Getting Pre-Approved The Step Everyone Skips скачать в хорошем качестве

Day 73: Getting Pre-Approved The Step Everyone Skips

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. 🎯 Join the Storage Moguls Community Ready to take your storage investing to the next level? Join Storage Moguls at storagemoguls.ai — a free, AI-powered learning platform with GPT tools, multi-modal learning, and content across every storage vertical. Start free. Learn at your own pace. Build real wealth. 👉 storagemoguls.ai Subscribe for daily Storage 100 episodes and real-world self storage investing education. #selfstorage #selfstorageinvesting #preapproval #commercialrealestate #storage100 #realestateinvesting #lenders