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– Negotiating the Deal for an Assignment

Negotiating the Deal for an Assignment

We assign deals for a fee there are several types of deals that we assign for fee.

  • Wholesale deal, house that needs work, we need to figure out a price that we can assign the paperwork for a fee,
    • But generally wholesaling deals are 65% of the after repair value minus repairs minus our fee,  so if the after repair value is $100,000, and the repairs $10,000, and our fee is $5,000, the math is $65,000 – $10,000 – $5,000 = or $50,000 is our sales price to the seller so that we can assign that paperwork for a $5,000 fee.
  • Lease option assignment deal or land contract assignment deal
    • it’s a pretty house that needs no work, and we generally assign that paperwork for 3% to 5% of the value of the house.
    • So when you negotiate with the seller you need to have terms that make sense for both the lease option assignment and the land contract assignment.
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