All Forum Posts by: Amy McArthur

I have a duplex under contract that u am wholesaling. The seller lives in one of the units. I have a potential buyer that wants to go look at it tomorrow. Should I worry about letting the seller show it to him? What if they start talking about numbers? The seller does know I may be reselling it. I just don't want the buyer to know what I'm getting it for. It's making me a little nervous. I am out of town. If I was there I'd probably see if I could show it to him myself, but Im not.  Am I worrying too much?  I've unfortunately come across a few dishonest investors since Ive started wholesaling, so it worries me.

That makes sense, Wayne!  Thank you!

I am about to close on a wholesale deal, and the buyers are asking me to give them an “Invoice for Commission” for the amount of my assignment fee. They say it’s for tax purposes. I’ve never heard of this and can’t find any information about it.  Is this something I should do? I’m not getting a “commission”. I’m getting an “assignment fee”. I’m wondering how that will affect taxes for me.

These buyers have been a bit of a headache to work with.  I’m ready for it to be done.  If I say no to this “Invoice for Commission" they are going to make a huge deal out of it and hold up closing again.  If it's no big deal I can easily do it.  I just want to make sure it's not going to affect me in a negative way.

Thanks for any advice!