Wholesale purchase contract question

[Christina Clemons]

Hello guys! 

I am trying to make my first deal and I was asked to provide a offer letter to my seller which I was able to find. The only issue I’m having now is with the purchase of sale contract. There’s a section that says “total purchase price” if I’m purchasing the contract of the home for 100k but selling for 110k do I put 110k as the total purchase price (along with closing costs and other fees) or do I just put how much the seller gets plus all other fees exluding the assignment fee? 

[Gabrielle E.]

Put $100k on the Purchase and Sale Agreement as the total purchase price between you and the seller. The agreement should say the seller will pay any outstanding taxes, liens, and fees from this amount. Make sure you Purchase and Sale Agreement has contingencies for inspection and partner's approval.

When you have an end buyer, they will sign an Assignment Agreement for $110k. The Assignment Agreement should say the buyer pays all closing costs.