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Updated over 5 years ago on . Most recent reply

Bhaskar Pusuluri's profile image
Bhaskar Pusuluri's profile image
Bhaskar Pusuluri
  • Rental Property Investor
  • from Cary, North Carolina
  • Member since May 11, 2016
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20
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6
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Bhaskar Pusuluri's profile image
Bhaskar Pusuluri's profile image
Bhaskar Pusuluri
  • Rental Property Investor
  • from Cary, North Carolina
  • Member since May 11, 2016
Connect
Bhaskar Pusuluri
  • Rental Property Investor
  • Cary, NC
6
Votes |
20
Posts
Creative Real Estate Financing

Buying from wholesaler

Bhaskar Pusuluri
  • Rental Property Investor
  • Cary, NC
Posted

We are buying a property from a wholesaler.

He is assigning the contract to us .he us not doing double closing .He is taking 10K as assignment fee.

Does the bank include the assignment fee to the contract price ,while calculating LTV ?

Or the assignment fee come from our pockets ?

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