Letter of Intents to agents

[Shaun R.]

I’m curious to see if any licensed investors use letter of intents to make offers to properties listed on the MLS. I’m finding that I can’t get a pre-approval letter from my lender as quickly as I would like. I tried getting a generic copy that I could fill in the amount and address, but he didn’t go for it. I’m ready to start making offers on MLS listings, but I don’t want to have to constantly be asking my lender for pre-approvals. Are letter of intents acceptable for listed properties?