Potential $25k Wholesale fee. Help.

[Chris Funk]

Anyone wholesaled to buyer getting conventional financing? Maybe using transactional funding? 72 hours between closings? I don't want to invoice the seller, my fee would be too high. FHA would probably flag the 72 hour deal, but conventional might fly.

The house is perfect and would sell fast for $85k.
I have it under contract for $60k

But I just can't be sure that it will sell to a cash buyer. It may have to be financed. I know how to invoice the seller to get my fee on these types of deals, but the seller probly won't close if he sees $25k on the HUD. So has anyone here done this before?

Thanks in advance.

[Brian H.]

First off welcome to BP Chris.

I think your 25k assignment fee for a 60-85k house is outrageous. I understand wanting to make the most you can wholesaling this deal, but you also need to keep your end buyer in mind. It needs to be a good deal for them, and if you're taking 25k you're taking a lot of the profit from your end buyer.

If your worried about not finding a cash buyer lower your assignment fee. That will open up your option to find a cash buyer.