Assignment of purchase and sale agreement

[Kim Boten]

This is hopefully my first 2 deals, they are happening at the same time. I have received the assignment contracts both with hefty assignment fees to the tune of 28,680.00 this is a California single family rehab. This is to be electronically wired to escrow for assignment fee of 18,680.00 to a properties holding corporation and 10,000 as the wholesaler fee. Does this seem common place in the real estate investment world. Don't want to screw up my first 2 deals the second property is about the same different corporation and title company. HELP I flipped 3 houses in 2006-2008 but it was a different world. Ready to jump back in just need some feedback here.