Is it ok to have the seller sign the "assignment agreement addendum" I will have with the end buyer?

[Octavia D.]

Is it ok to have the seller sign the "assignment agreement addendum" I will have with the end buyer?

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Knowing many have wholesaled deals with the seller finding out about their profit from the Hud-1 settlement forum and going crazy mad over it, wouldn't it just be easier to be straight forward with the seller and let them know what you can do to help them, how I will get paid from it and have the seller sign the "assignment agreement addendum" I will have with the end buyer as proof that there ok with it.? Basically explaining that not only will the seller get their money but that I'll also get a profit "commission" for my help, making it a win win for everyone, I mean there going to see it anyway on the hud-1 settlement statement and I really don't want to do no double closings.

Thanks guys

[Ryan Dossey]

Your seller should not have to sign the assignment. They really shouldn't even see it. You aren't getting a commission. What you are talking about with how this is worded sounds more like acting like a realtor without a license. Using words like "commission". I would be careful. 

The idea behind a wholesale is that you can close without a buyer if necessary. Through either HML, OMP, or your personal funds. I kind of view it like the property makes sense for me to buy yet if I can make a profit without having to touch it... GREAT!

I actually wholesaled a home that was wholesaled 3 more times. I wasn't mad at all. I made money so did everyone else down the line.