Wholesaling fee question

[Isaac Chun]

Hello folks,

Can someone share with me, what would be a typical or fair fee to charge for assigning a contract dealing with a wholesale deal. Is there variables that affect this fee amount?

[Pratik P.]

Don't let anyone tell you that there's a "typical" fee amount. It can be $1000 or $100,000. The variable is the price you get it under contract for. 

Let's say you get a deal under contract at 150k and you know most flippers will pay 200k for it. Guess what you're likely going to make? What if you get that same deal under contract at 199k?

My point is, know your market and what kind of margins flippers look for. Once you know that, you'll know how much potential profit you'll make on a deal. I've had deals where I made more than the person flipping it, and they knew it!