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Updated almost 14 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • apple valley, CA
0
Votes |
70
Posts

assignment fee question

Account Closed
  • Real Estate Investor
  • apple valley, CA
Posted

how big an assignment fee can someone take without it being objected to by the end buyers. what I mean is can you take a large assignment fee say like $50,000 if the deal still a good deal afterwords or are you likely to get an objection from the end buyer?

Most Popular Reply

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859
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316
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Jimmy C.
  • Flipper/Rehabber
  • Seminole, FL
316
Votes |
859
Posts
Jimmy C.
  • Flipper/Rehabber
  • Seminole, FL
Replied

The highest I have ever negotiated was $25k back in 2007. The craziest part about that was there was a guy wholesaling it to us for $15k.

The end buyer made the most though in the end. Which is why she didnt care when she saw both assignment fees. She still got a smokin deal and made plenty on the rehab and resale.

But I guess average assignment fees for us are $2k-$5k.

People will try and negotiate your assignment fees down when they see them and the original contract. Be prepared and patient if you need to be. Good luck!

  • Jimmy C.
  • Loading replies...