How to structure a wholesale assignment fee?

[Bella Batal]

Hello PB fam, 

I have been helping a distressed friend find a buyer for their property, it's been renovated and is move in ready. 

We are getting close to choosing a buyer that is able to met their terms (this is a creative finance deal/paying loan and doing seller financing).

My question is:

- My role here is a wholesaler, correct?

- Who pays my fees? The Seller in this case, correct?

- How do I structure the fees?

- What type of contracts do I need?

- Do I need to put earnest money to buy the contract of the property, and THEN get the assignment fee paid by the buyer in this case?

- Can I use the title company who's handling this deal to make those contracts available to me and facilitate the payment to me?

- Does it matter if the deal is in a different state to my state of residency?

Thank you,

[Bella Batal]

Thank you Mike so much for this info. 

This is all very new to me, and some things may be a bit confusing still which is why I am doing further research, I very much appreciate your feedback.