Assignment fees? Mentor fees?

[Nick Q.]

Fair warning...I'm a newbie here.

I've been meeting with two individuals in a partnership that have their own real estate investing company.

They're willing to mentor me and help me through deals as I find the time available to shadow them and watch them work.

They've taken time out of their schedule (10-15 hours thus far in the past month) to show me properties in various stages of rehabbing, staging, and have started to show me how to analyze deals.

I've come across a property where I can buy it Sub2 and do an owner financing deal on it. The property requires an initial investment of ~$30,000 with a owner finance price of $175,000. Estimated profits are $60,000 at the end of the 5-year balloon.

They've done all the work including finding the deal and will handle all of the paperwork for the Sub2. They've also found a tenant/buyer and will also handle all the paperwork through to the end.

They've given me the analysis of the deal breakdown and the assignment fee is $25,000 on top of the $30,000 for the deal. Is this fee too steep -- or is it fair?

I'm not trying to be greedy -- just seeing if I'm being taken for a ride.

Thanks.