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Updated about 10 years ago on . Most recent reply

User Stats

32
Posts
41
Votes
Lawrence Ratliff
  • Investor
  • Otay Ranch-Chula Vista, CA
41
Votes |
32
Posts

Wholesaling Reassign Mechanics?

Lawrence Ratliff
  • Investor
  • Otay Ranch-Chula Vista, CA
Posted

I will be wholesaling in CA. If reassigning the contract, how is my wholesaling fee presented on the new reassigned contract? When I reassign the contract to my new buyer, does the sale price remain the same and my wholesaling fee simply become a fee to the buyer that is paid directly to me through escrow? If so does the HUD-1 get updated with my fee and then both seller and new buyer sign and return to escrow? I am trying to better understand the mechanics. Thank you!

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