Wholesaling
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on . Most recent reply
Wholesale Assignment Question
I am beginning to wholesale in my area and I am unsure on something I thought about concerning the assignment of a contract. Here's an example I was thinking about:
1. Wholesaler finds property with an ARV of $140k
2. Estimated repairs needed come to $25k
3. Wholesaler obtained signed memorandum for contract; seller signs purchase contract for $56k
4. Wholesaler's assignment fee is $15k
Now, if a buyer cannot put the entire fee of $15k in escrow with the title company at the time they agree to buy from the wholesaler, can he or she put a portion in escrow (say $3000) and provide a promissory note for the remaining amount to the title company?
How is this structured? Examples please.