Assignment Fee

[Joshua Dow]

Thanks everyone for checking this post out! 

My question is, what should a wholesaler's assignment fee be for a property? Should it be consistent, for example every property the fee is $5,000 or should it depends on the property. I want to wholesaling as an aspect of my investment business and just wanted to hear everyones thoughts. Thanks again.

[Renee Stewart]

@Joshua Dow,

I agree with @Brandon Kargol .  It's up to you when you feel it's appropriate to do a double close or not. Keep in mind that you're reducing your profit due to extra closing fees.

I believe your decision should be based on your rapport with the seller.  However, I believe in full disclosure.  Your seller should know that you will net a fee from the deal but you don't have to disclose the actual amount.  They have to realize that you're in the business to make a profit.

My advice is to combine your instinct with information and you'll do what makes sense for your business.

Good luck!

Renee