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.

I'm new to wholesaling, and am not sure if I would get an assignment fee and/or regular commission, which would be subject to the bank's approval.

Hi all; If one is doing simple co-op assignments, or other wholesaling, is it necessary or needed to set up an entity to do this?

I also question the point value given to a every post as it doesn't (can't) assign a value based upon content and contribution as voting could.So with a lot of points for posting, and little voting for content, I would agree "influence" is less of an influence or content and more a measure of "I've been posting here a long time and followed the rules" measure.

THEN if hes assigning obviously he must have his assignment built in cause he said it is offered at $75K and ARV of $143K!

Make your offer like this:ARV x .70 - repairs - assignment fee.Based on the comps you have, the value is 27k, with 10k in repairs there is not much room left in this deal.