Has anyone used Global Private Investment LLC, David Mitton to obtain any funds.

Can anyone explain what this means on a listing in Bell County, TX:"Seller may convey with a Quit Claim Deed if VA title approval is not obtained 5 days prior to closing date."

My partners/investors have a few houses already and I'm trying to gain knowledge on becoming licensed and on being able to handle the legal activities and eventually obtain a brokers license. 

This attachment to the appraisal will usually run an extra 100-150 dollars to the 475-500 dollar FHA appraisal but its worth it because that rental income will help you qualify for the property.In my local area the FHA allows use of 85% of gross rents minus PITIA full mtg payment (unlike fannie mae's 75% of gross rents) so its important to check your local HUD office to see what HUD's rental factor will be in your particular locality when trying to qualify for a FHA loan where gross rents are being used to qualify.If you're at 60k which is 5k a month the max DTI (debt to income) FHA will allow that I've obtained on an owner occupied property is 56.99% (all obligations mtg, credit cards, car, etc).

The loan balance will not be high enough to obtain a conventional mortgage.  

I only lend money now.. so I never hear about the 3 T's or any of that stuff anymore and it does not matter if you have PM you still need to engage them answer there e mails their cash calls  etc etc....and being very selective were my funds go and who they go to ( lots of experience at lending ) I mitigate my down side pretty well these days.. ( now in all fairness I got killed along with a lot of other lenders back in 07 and 08) so it was not all wine and roses.:) but now with the values reset and HML or private lenders being able to set their terms better I think the risk reward is far better than owning with much less work...  

I am currently working on obtaining my real estate license, and should have my course completed within the next couple of weeks.

With that amount, I would try to obtain a primary residence with low down payment & "hack my housing" if I didn't already owned a home. 

See further details in my original post at: http://www.biggerpockets.com/forums/51/topics/1372...I'd appreciate any suggestions that you may have regarding how to obtain payment from Asset Ventures and Tony Martinez on a note that is past due since April 30, 2013.Please leave your comments and/or suggestions on my original/linked post shown above (rather than on this post).Thanks in advance.

See further details in my original post at:http://www.biggerpockets.com/forums/51/topics/1372...I'd appreciate any suggestions that you may have regarding how to obtain payment from Asset Ventures and Tony Martinez on a note that is past due since April 30, 2013.Please leave your comments and/or suggestions on my original/linked post shown above (rather than on this post).Thanks in advance.