All Forum Posts by: Anthony R.

Hello Mary,
I really would like to assign it but I have heard that if you are making over $10K a double escrow would be better. But here in California escrow companies won't do them so I would need transactional funding to get it through closing.

Hello Ted,
I have a buyer all line up for these transactions which is why I don't understand why it has been so difficult to find a reliable flash funding company. Also, most of the companies that I have encountered either charge some really high fees or want me to join a subscription that could cost $100 per month. Not interested.

Hello

I am working on a multifamily deal with an ARV of $8M. The building would need a lot of work but an investor could raise the ARV much higher if they converted them into luxury condos and sell them individually.

I am trying to calculate my assignment fee and in my research I been hearing everything from 5% to 10%. Is this 5% to 10% of the ARV or the selling price? This maybe a stupid question but I've yet to read what the assignment fee is calculated from. I have heard that the buy offer is calculated ARV*.70 -repairs -assignment fee = offer price, which is why I thought the fee was calculated from the ARV which would mean an assignment fee of $400,000 on this particular deal base on 5% and this would still leave a lot of money on the table for the end buyer even after repairs. Which is important to me because I want repeat buyers.

Also I've read about doing double escrows but you have to get transactional funding and I have not had any success with the transactional funding companies. I've had at least 3 tell me that they did not have the funds to do a sale over $500K.

If I already have buyers for these types of deals, how long should I put in the contract for escrow?

Thanks in advance for your help!

Anthony