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Mike Watkins
  • Wholesaler
  • Powder Springs, GA
143
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515
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Assigning a deal with over 20k assignment

Mike Watkins
  • Wholesaler
  • Powder Springs, GA
Posted Apr 7 2015, 14:00

me and my partner are about the lack of a deal where we could potentially make more than $20,000. I brought up that we could get transactional funding and double close on it to the end by or do they not see how much were making on the Deal. He wants to assign it but you don't want to show to end by her how much you lock the property down for and that he's paying you a $20,000 assignment. He brings up the fact that if it's a good deal it's a good deal and they shouldn't care how much were making or how far down we got the home locked in at. But I'm thinking about future deals that we sell to this buyer he's going to wonder how much were making. I don't see the problem with the double close as usually closing costs were it would be under $2000.

What are your thoughts?

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