Quote from @Jason Usher:
Is it considered bad etiquette to ask a wholesaler what dollar amount they have the property under contract for or to ask them what kind of assignment fee they are looking for?
I understand it doesn't matter as long as the deal make sense in the end. I'm a definitely ok with someone bringing me a deal that I wouldn't have come across, but I just don't want to ovepay.
@Jason Usher When the wholesaler presents the deal to you, they should state that they have it under contract for $xxx and their assignment fee is $yyy. You shouldn't have to ask. If they don't tell you or don't want to tell you, I wouldn't do business with them. Wholesaling is all about relationships and trust. Not one deal, but many deals.
If you feel they are taking too much and it affects your profit, then have that discussion. But at the same time respect the wholesaler's job and don't always try and squeeze them. They want to make a fair profit too.
Some wholesalers say they double close because they don't want the buyer to know what they are making. If I double close it's because the buyer wants me to bury my fee in the new price (the second close), not because I am hiding my fee amount.
