How to set up a deal with two wholesalers involved?

[Sean Dezoysa]

hi, I am working with another wholesaler right now and we may be splitting the profits on a deal. I've never worked the same deal with a wholesaler before so I wanted to ask you how this is typically done.

1. The other wholesaler secured the seller, and I am bringing the buyer. In this case does the other wholesaler assign interest to me, and I assign interest to the end buyer (using separate assignment contracts)?

2. If we do use 2 assignment contracts as mentioned in the scenario above, will there be 2 line items for separate assignment fees in the HUD statement, or just one?