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Updated over 7 years ago on .

User Stats

71
Posts
29
Votes
Sean Wilt
  • Investor
  • Savannah, GA
29
Votes |
71
Posts

Wholesale Assignment contract question

Sean Wilt
  • Investor
  • Savannah, GA
Posted

I'm clear on the how to write the contract to the seller to allow the option to assign the contract.  What I am not clear on is when I find an investor that is interested in being the assignee, how do I write the contract to them?

Is it a completely separate contract to assign the deal over?  so in the end there are 2 contracts? (one between me and the seller and another between me and the assignee?  Also, How do I disclose the assignment fee to the assignee?  For instance, if the agreen sell price on the property is $100k, Is the contract between myself and the assignee just for a straight say $5k?  and then I'm out? 

Hope this makes sense, just starting out!