And every time they show the Gain, it is gross, not net of real estate commission (Montelongo's seem to have their own real estate licenses as well as mortgage license), closing costs, stamps on the deed and mortgage, etc.

All the folks who provide services in this business for a fee/commission.4) Rehabber - buy low (and in need of repairs), invest your time and money into rehabbing, then either hold as a rental or flip.I'm probably most interested in #4 - I've enjoyed the hands on minor carpentry/painting/landscaping/etc I've occasionally done in the past, and my primary job has given me some experience in project management (locating and managing contractors).

Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it.

Do an internet search for the Texas Real Estate Commission, and then find the contracts on there.

100% Commissions...The Only Way To Sell Real Estate!

If he was I would feel obligated to atleast make a complaint to the real estate commission about the agent.

The BUYER pays my commission, the seller pays for advertising.I look forward to speaking with you if my services are required.Sincerly,

If you don't, you can go through the listing agent and since they would receive both sides of the commission, you should get pretty good treatment.

Your local real estate commission or a local real estate agent would likely have one.

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.