Agents set their own fees.

I have done one deal similar to that and for some reason the person that was doing the second assignment was paid as a consulting fee on the HUD 1.

lawyers fees?

So, as they continue to come across deals, it's best to wholesale the properties for an assignment fee thereby making additional money.

You enter into a purchase and sell agreement just as you would if you are buying - but then you assign the contract to an investor for an assignment fee.

Are you in a position to pay finder fees on Vegas Mortgage/Real Estate referrals?

The hard money loans that I've been looking at require a sizeable amount of down payment as well as charging several points and other fees.

When you are the short stack (not many chips) at the table, you have to be overly aggressive and take some risks if you are going to grow your chips.

Don't forget to factor unexpected repair costs, closing/financing costs when buying, closing costs when selling, PITI (Principal, Interest, Taxes, and Insurance) payments while you are fixing up and selling, and realtor and/or advertizing fees to sell it.And now I'll give you by far the NUMBER 1 newbie mistake in real estate investing. . .. . . buying a property too high and TRYING to sell for even higher.So, Alex, to summarize my input:Experience tops book knowledge.

I think if I go through with it there is a fee I will have to pay(no sure the amount).