Real Estate Wholesaling Questions & Answers

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Lina Bibikov
  • Developer
  • Danville KY
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85
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Assignment fee collected as a monthly payment ?

Lina Bibikov
  • Developer
  • Danville KY
Posted Jul 10 2019, 04:44

Have a deal where I didn't get the end buyers to show POF. Few days to closing they call and tell me that they are still working with the bank.

Purchase price $13,000 assignment fee is $9,500. The buyers are emotionally invested and want the property badly. So I’m thinking if they bring enough to cover the purchase and closing, allowing them to put my fee on a monthly installment.

Has anyone done this before? What should I look out for?

Thanks so much!

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