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Updated almost 8 years ago,
Assignment fee & buyers
Hey BP family,
Question of the day is how much is a good assignment fee for a commercial or multi unit property?
I have a multi- unit property under contract which is 15 town-homes and one small lot all of the town homes are currently tenant occupied except one unit. The property was listed for $1,250,000.00 we have it under contract for 1,125,000. which is a $125k difference. What is a good assignment fee to keep the deal attractive but still get us a great profit? Also what is the best way to go about finding buyers with that much buying power? This will not be a flip as the units dont need repairs.