Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

74
Posts
31
Votes
Christina L.
  • Investor
  • Phoenix, AZ
31
Votes |
74
Posts

Paying a wholesaler's assignment fee BEFORE close of escrow?

Christina L.
  • Investor
  • Phoenix, AZ
Posted

I’m an investor doing quite a few fix and flip projects in the Phoenix, Arizona area and I’m running into a situation I’ve never before experienced on wholesale deal. The COE date isn’t until August, yet the wholesaler wants his assignment fee to be paid out now, well in advance of the actual close date. The assignment fee would be paid to the title company who would then pay the wholesaler as opposed to me paying him directly. Has anyone ever done this before? It seems like a risky proposition if the seller decides last minute to back out of the contract. I realize there is legal recourse should that happen but still, I’m not sure I want to go down this path. Any advice would be appreciated!

Loading replies...