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Updated almost 4 years ago on . Most recent reply
![Jesse LeBlanc's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/458655/1655746867-avatar-jessel12.jpg?twic=v1/output=image/crop=2016x2016@0x0/cover=128x128&v=2)
Make more from your Wholesale deals...Take a NOTE!!, Be the bank.
Did you know that you can turn your wholesale assignment fee into a note, with interest?
Please SHARE if this can help out other wholesalers or your friends as well. 🙏
If you don’t need the quick capital, if you can think long term gratification vs INSTANT GRATIFICATION, you can actually get a larger assignment fee AND make interest on top too.
If it’s to a flipper, you can create the note, charge interest or don’t charge interest, but charge a higher assignment fee and collect more on the backend. You’ll take 2nd position and everything is recorded. Months later when they sell, the closing attorney reaches out to you for payoff amount.
What’s in it for the investor?? Less out of pocket up front, they later let their profit pay for your assignment vs being on the front end. If it’s a buy and hold investor, this is a form of seller finance, a very small monthly payment (which tenants pay for) and you as the wholesaler eventually get your full amount plus interest over the years (or whenever you have the note balloon if you didn’t structure it due in a shorter term).
If you're interested in an Online KPI Dashboard for wholesalers, check out Wholesalers KPI. We also offer Transactional Funding, look up Wholesalers Transactional Funding. I'm private, but now starting to share with others. I'm focused on trying to get my wife out of her W2 and let her take over our Transactional Funding so that I can focus more on our buy and holds, keep our wholesale company going and TRAVEL MORE!!
Thank you all for reading this post. I hope it brings a lot of value to some of you.