(Net sales proceeds after all costs (PS. loan payoffs are considered proceeds.) minus purchase price is your taxable net gain.

There is a lot of conflicting info online in regards to these situations. 

And I'd acknowledge they're riding the line of what is and what is not acting as a real estate without a license (and doing net sales which are illegal for agents).I think the argument doesn't work because even if you banned wholesaling, people could still do simultaneously closings, which are just about the same, just a little more expensive. 

As wholesalers, we’re trained to look for distress—motivated sellers in tough situations, properties needing major repairs, or financial struggles forcing a quick sale.

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

Homes currently up for sale in the area are about $250,000 for a 3beds/2bath and roughly 1300 SQFT.

@Jaycee Greene half off the sales price.

Call a sales representative and ask for an upgrade or feature that allows you to send more.

Purchase price: $450,000 Cash invested: $650,000 Sale price: $1,600,000 New construction of single family

This, also, is not a public document.c) Once thats up a notice of  sale is sent which outlines the up coming auction and must be filed with the recorders office for the foreclosure to be legal.Another document which isnt mentioned a lot but is critical if you want to be in front of the competition who focus there marketing on motivated sellers from c onwards is the appointment of substitute trustee.