A Quick Assignment Fee !

If another investor calls me with a property he's trying to wholesale quickly that STILL happens to be a good enough deal for me to add on another $3-$5000 on to it when i find a buyer, how does the paper -work look on a deal like that?

Has anyone done that lately? do i have 2 assigment of contracts? how does that work? whats the best way???

thanks! grin

Comments(1)

  • JeffAdams10th December, 2004

    GIP:
    In Orlando, Florida it is not uncommon for a property to be flipped 6-7 times before it is rehabbed. I was shocked when I heard this.

    Talk to your closing attorney and ask them what the ramifications are in your state.

    You could also tell the other investor that you have a buyer and just draw up one contract that will also pay you your fee. This is how I would handle it....

    Best Regards,
    Jeff Adam


    _________________
    "Capture Motivated Sellers Automatically"[ Edited by JeffreyAdam on Date 12/10/2004 ]

Add Comment

Login To Comment