Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Tax, SDIRAs & Cost Segregation
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 9 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Amy McArthur
  • Investor
  • Fort Walton Beach, FL
1
Votes |
13
Posts

Buyer asking for an Invoice for Commission

Amy McArthur
  • Investor
  • Fort Walton Beach, FL
Posted

I am about to close on a wholesale deal, and the buyers are asking me to give them an “Invoice for Commission” for the amount of my assignment fee. They say it’s for tax purposes. I’ve never heard of this and can’t find any information about it.  Is this something I should do? I’m not getting a “commission”. I’m getting an “assignment fee”. I’m wondering how that will affect taxes for me.

These buyers have been a bit of a headache to work with.  I’m ready for it to be done.  If I say no to this “Invoice for Commission" they are going to make a huge deal out of it and hold up closing again.  If it's no big deal I can easily do it.  I just want to make sure it's not going to affect me in a negative way.

Thanks for any advice!

Loading replies...