Wholesaling Assignment Contract Question

[Ryder Meehan]

Novice to wholesaling here! So I have a buyer and a seller on my first wholesaling deal (hopefully) and am a little confused on the contracts.

I have an option on a seller’s property at $45K and he has signed the TREC contract and the assignment contract.

I have a buyer that has agreed to a $56K price and is ready to sign the assignment contract as well but where do I document the $11K assignment fee? Should that also be included in the assignment contract?

Any advice or better yet - sharing a contract example - would be most appreciated!

[Aaron Mazzrillo]

Originally posted by @Ryder Meehan:

@Aaron Mazzrillo haha, yah definitely out of state - if it was in SF I'd need to add a few 000's

 So if it works out of state, why wouldn't it work in state? If your deal were in S or the immediate area, you might be adding at least one 0 to the end of your wholesale check. Something to think about.