Once I decided what company I was interested in working with, the managing Broker filled out the proper paperwork and submitted to the State to get my actual license.

And any realtors tht I've worked with in the past are not interested in submitting multiple offers, especially if/when I ask them to submit offer that is subtantially lower than listing price.

It was a lot of work for a few hundred bucks, but it kept me busy in between boozing and video games :)

You are correct @John Rooster : when the homeowner gets a 1099 from the lender, he can submit IRS form 982 to wipe out the tax consequences of the 1099.

You'll need a preapproval, and get all the kinks worked out for this program, before you submit any offers.

I want to start real estate investing and I have been watching Chris Goff youtube video's.

I didn't listen to Brian's video (I still say he needs to dress better and get a shave (lol)).A letter of intent is used in larger commercial deals, it's been adopted by gurus or others as a step adding to the unique approach as a ploy on a few fronts, but seller's really don't need to look at letters of your intentions to do something, they want to see you belly up with a real offer.

If this is not the first submital, was there a bank counter, when and how much?

Would I still need to submit my plans to them do you know?

After my waiting a few days, for my realtor to get me comps back, for a property that I was looking to purchase and then finding out the day I received the comps and submitted my offer was coincidentally the same day it was listed on the market.... needless to say I was out bid by 4k.This leads me to my question.