Getting Pre Approved BEFORE Sending LOI?

[Rachel Wagner]

Hey Everyone!

So I'm currently in the process of purchasing my first multi family property that I intend on house hacking. I have a business in the short term rental space where I only lease but I've been looking to add owning into the picture. 

I have a few properties that I believe would be a good fit. My question is, should I send a LOI prior to getting pre approved or wait until I know what I qualify for?

Thanks so much!

Rachel