For the IRS to redeem, they would have pay you your purchase price then resell the property to get their money-doesn't happen often, and Not with upside down properties.

I need to see proof that the guys who put out this course (George Antone and Gary Boomershine) are actually doing this and not just scraping info from elsewhere then packaging it up and reselling it to make a buck from newbies who think this course will solve all if their problems.In South Carolina, you don't need a license to broker out funds from others who have money as long as they're also in South Carolina.

You profit by reselling it to a third-party.

During the 1994 Northridge earthquake I started storing totaled MH's and derelicts at my construction yard then started dishing them off to ranchers and brokers from Mexico and was thereby required to obtain my manufactured home dealers license due to the volume of business I was conducting.I then used my dealers and contractor's licenses to purchase new MH's directly from manufacturers, installing them on lots/parcels and reselling or rent/leasing them.

I'm looking to supplement this with purchasing vacant NPN notes with the intent of foreclosing, basic, minor repairs and then resell.

-I like JV'ing with home sellers that have "minor rehabs" as in Granny houses, updating kitchen and bathrooms, buying on terms, and quickly reselling for a JV fee, getting the home seller more money than the 65% of ARV less costs.

With there own version of going into a market and buy 500 homes.. then exiting in 5 years with returns projected in the 20% range.. with cash flow at 8%  which I can see the 8% cash flow because that's about what a investor that has to hire everything out can make... its the counting on reselling without substantial rehab and making the big returns that I have to wonder about..

;)I ask, because there can be various reasons that you resell the property at a higher cost.

. + MAO)$$$ - Closing costs (4% / 5%)$$$ - Fix up$$$ - Interests ( possibly from a hard money lender)$$$ - Holding (for sale, 6 months probably)$$$ - Re-sell (retail price)$$$ - Rehabbers Profit ($10 - $25k)______________Would it be ok to include in the ARV formula the % of closing costs of the ARV that the rehabber would possibly pay (ARV x.70% - rpr - 5% closing - pft = MAO) or not.?

End of the day given this is west coast the play I believe is stabilization and resell to a local that wants to work the park as a nice little cottage type investment.