Wholesaling · North Las Vegas, NV · Member since 2015 · 13 posts · 1 vote
Need your help. I am co wholesailng a deal and i want to know how much should i charge for a assignment fee. The deal is in the millions. Ive never done a deal with this much money involved. its off market all cash.
Need your help. I am co wholesailng a deal and i want to know how much should i charge for a assignment fee. The deal is in the millions. Ive never done a deal with this much money involved. its off market all cash.
You need to put yourself in the shoes of your customers. If you know what numbers work for your customers then you'll be able to determine your assignment fee.
There's no fixed assignment fee, it's a function of what it's worth (keeping in mind that it has to be a favorable deal to buyers, how many ready and able buyers you have (or can quickly find), and your need to entice action within your option period) less your contract price. I've made more wholesaling a $71K house than I have wholesaling a $403K house, b/c you can't force an assignment fee as a % of the deal. The seller's motivation and your ability to negotiate w/ them is far more important.
Need your help. I am co wholesailng a deal and i want to know how much should i charge for a assignment fee. The deal is in the millions. Ive never done a deal with this much money involved. its off market all cash.
You need to put yourself in the shoes of your customers. If you know what numbers work for your customers then you'll be able to determine your assignment fee.
@Larri Fletcher You have to charge what makes sense. I know that is really broad, but basically make sure you get paid and the deal works out for the next investor.