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Updated over 6 years ago,
Wholesale Assignment contract question
I'm clear on the how to write the contract to the seller to allow the option to assign the contract. What I am not clear on is when I find an investor that is interested in being the assignee, how do I write the contract to them?
Is it a completely separate contract to assign the deal over? so in the end there are 2 contracts? (one between me and the seller and another between me and the assignee? Also, How do I disclose the assignment fee to the assignee? For instance, if the agreen sell price on the property is $100k, Is the contract between myself and the assignee just for a straight say $5k? and then I'm out?
Hope this makes sense, just starting out!