All Forum Posts by: David Veikune

Awesome rehab Brit!

Having a RE license is definitely not a must. If you do decide to get one you will get to keep that commission of buying and selling the property for yourselves and only one of you will need one. Best of luck James!

Loving this discussion. Learned a great deal from everyone's various perspectives. Thanks BP members!

I'd just find a new agent Lamont. There is no reason that you should be having to deal with that before the deal has even happened. Or if you cant find a good agent in your area and you and your partner are going to continue to submitting a lot of "low offers" maybe one of you could get your license so you don't need to deal with anyone. Then you get to keep that buy and sell commission 6% for yourself or you two could split it appropriately. 

Looks great! Nice youtube video too

Can you do a low money down FHA or VA?

I agree with @Charlie FitzgeraldI don't get bank statements I get a proof of funds letter from their bank saying they have at least the minimum amount that it's going to take to purchase the property.

@Ned CareyIs correct. Cash is quicker and seen as more reliable. 

No it should get wiped out with the foreclosure Sam

The private lenders...they don't want to see mine lol