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Updated over 12 years ago on . Most recent reply

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Carl Kahkonen
  • Real Estate Investor
  • bainbridge, NY
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amount of fee for assigning a deal versus doing a double close on a deal.

Carl Kahkonen
  • Real Estate Investor
  • bainbridge, NY
Posted

What would a fee be for assigning a wholesale deal versus doing a double close on a deal. Would you make more money doing a double close versus assigning.

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied
Or if you just want to hide your assignemnt fee, of course you have more costs involved which eats away at your profits so you have to consider what is more important, your buyer knowing what you make or you attempting to make more to cover your added costs.
Originally posted by Ryan:
5% sounds like a good number to work from. I would recommend that you do set a minimum profit margin. Making 5% on a $20,
I agree. You must set a minimum for your efforts.
Also, I have found that a fair price is 10%-20% of the equity in the deal. On small and average deals, if you have $30k in equity, your minimum is $3k and max shoudl be $6k leaving the majority of the profits (80%+) to your buyer.

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