I was really defeated when I found that information out and kinda lost my spark, but I am working on regaining it back, I have been looking at foreclosures and REO properties, I went and looked at two properties yesterday, I know deep in my heart, if the right deal is there, I WILL make it happen.

Unless I had enough money to buy the property outright, but that would defeat the whole purpose of real estate investing.

I urge you to never be "with those cold and timid souls who know neither victory nor defeat."

I felt defeated, until I stumbled onto Bigger Pockets, and as many people say here, why spend thousands of dollars when I can spend significantly less and have a whole community to support me?

I ended up taking over repairs which totally defeated the purpose of having a management company.

That defeats the whole purpose of the yellow letter and will lower your open rate.

Of course, this defeats the general purpose of "wholesaling" with no money...Either way, with your new license, you can technically open your own shop.

I don't think Americans realize the seriousness of this defeat-- and the permanent effect it will have.

They both advised me against making any side deals with the seller unless they were in full disclosure to the bank, which defeats the purpose from the seller's perspective anyway.I am waiting to hear from the seller.

Doesn't giving a gift expecting something in return kind of defeat the purpose?