My new agent will now get commission on the HUD sale and what I resell the home for.

As a buyer of his notes that he re-sells, you get notes that have had some form of workout arrangements already done, so the borrower is in a more affordable situation and you get a cashflow source.He can better explain the other benefits of his training program; that might also be somewhere on his website.

I think this term fits if you've been in the business long enough to know what a good deal is, how to find it, how to assign/resell it and how to repeat the process.

And you can’t evict them because it would be retaliatory. “If the landlord tries to raise the rent, terminate or otherwise change your tenancy within six months of when you contact the Board of Health, join a tenants’ organization, or exercise other legal rights, the landlord’s action will be considered retaliation against you, unless the landlord can prove otherwise.

Basically purchasing properties, rehabbing, renting/reselling.

So I would recommend spending the rest of your time on things that don't cost anything.Reviewing your budget, balancing your statements, organizing, networking, and tracking down cash buyers are a few things that are free and will help you stay within your means.I have a stack of potential deals that I've already done the numbers on and talked to the owners.

He would like to look into homes that he can work on for a few months, repair, and resell.

We could probably see a return immediatley if we were to re-sell soon at around market value.

Long story short, I was able to resell (a year later) for $8k.

I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double closing.My question is am I taxed on the $39k I`m making on the deal,or am I taxed for the entire sales price of $82k?