Buyers asking about my assignment fee?

[Chris Turner]

Do you tell your buyers your assignment fee before closing?  I have friends who have been asked by potential buyers what their assignment fee will be even before they sign any contract.  I really do not feel you should have to up front.  Yes they will find out in closing or if you do a double then about a month or so later on.  Thoughts?

[David Hines]

It’s questions like this that make me doubt the wholesale profession as a whole. The only way wholesalers make money is by convincing a seller to sell for less than their property is worth or convincing a buyer to pay more than a property is worth. If you can’t conduct your business and be completely honest with the people you are dealing with, then you shouldn’t be in this business at all.