I'm new on this forum and in this business as well,
I have this house in Fairmont WV, the seller wants 70K and ARV is 143K, repairs needed are approximately 40K,
my question is, how much money should I ask to assign the contract to a cash buyer?
Thank you Jason!
Hi @Jason D. as I am a new to this as well but how did you come up with 5% of the purchase price. That seems really low
@Jason D. Thanks for the information. I can understand that. So if he wanted to make more money off the deal he'd need to negotiate a lower price with the Seller. Also do you always use 5% or are there certain types of deals where you would use a different % to come up with a Contract Assignment fee?
Thank you Yolanda, great questions!
@Jason D. thanks, I appreciate it!