$80,000 Assignment Fee

[Johnny Groves]

I just finished a wholesaling deal that netted an $80,000 assignment fee. This was one of those needle-in-a-haystack deals that was hard to find. 

Anyway, the house had a lot of equity in it too. But what made this deal even more possible for me was some of the obstacles that most wholesalers either wouldn't know how to deal with or they wouldn't have been able to deal them in the short amount of time I had before this house went up for auction.

Having multiple heirship issues also didn't help...and by "issues" I mean that we couldn't identify (legally) all the heirs to this property.

So, hiring an expert genealogist was key to our success in closing this deal.

Good deals like this often bring lots of adversities. For example, with this deal we needed to close in a matter of days (not weeks) and the title company seemed to be taking its sweet time.