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