By the time you purchase it, plus the assignment fee, it's not worth it.There's no room for anyone to make $$$.

I heard that some banks won't do an assignment.

For now, I want to do assignment of contracts first to build up my capital.I have been trying to find good deals on the internet and I did.

You can request a Good Faith Estimate of Settlement charges from them.Assuming this is a Wholesale deal, any of your fee's are put on a separate Assignment Contract.Take advantage of the Team that you have in place and for them to do their work.

thanks justin,we just bought a REO, I would think a short sale might actually be easier, once the bank owns it they are about as flakey as they come.So I assume you have an assignment provision in the offer to the homeowner and the bank is okay with that.?

If you could do an assignment, it would work.

Someone please help me out with this.I have a property i'm getting for 32k.It is a 12 unit building.6 currently rented out.6 vacant.I have some investors interested and willing to pay up to 80k for it.The investor i'm getting it from wants the 32k wired asap.I was trying to get this under contract, then assign it to my end buyer.The seller doesn't want to do it that way.He wants me to do a double close.I'm not too big on double closing.I am a beginner at investing.I've done alot of research, but this is my first deal.Any advice about how I should do this deal will be appreciated.

Another area that peaked out interest is getting a house under contract then assign it to someone else to make a few dollars quickly.

What you are looking for is in the wholesaling forum.Your first example is correct: if you have a property with ARV of 100K, the repairs are 10K, and you want to make a 10K fee - you would have to get it under contract for 50K.Since you are dealing with REOs and can't assign the contracts, you would have to write your end contract with how you want the closing costs divided, etc.I think you are over-thinking it just a tad.

There is no reason for the QI to take assignment of contracts or title to any property in a forward exchange.