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Author Topic: $23,000 Assignment fee fee split 3 ways  (Read 2530 times)

Offline Randoskie

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$23,000 Assignment fee fee split 3 ways
« on: May 15, 2015, 07:16:17 pm »
$23,000 Assignment fee split 3 ways


This is insane. A wholesaler from out of state (Utah) calls my buddy Bob and asked if he wants a junk house. Bob lives 50 miles from where the house is located. Were here in Central California. Bob calls me bcuz the house is located in my city. I email my buyer the address and the price and he wants it. Brad the wholesaler from Utah was being really difficult, demanding a $5,000 non refundable earnest deposit.

I told him that was ridiculous cuz he had the house on contract for 25K and it looked like it shud be bulldozed. Finally we all agreed to a 2K earnest deposit and the buyer was OK with it. Buyer got it for $48,000 and he's a realtor and I don't know what he flipped it for.

We flipped this house for a $23,000 assignment fee we each got a check for $7,666.66 All I did was send an email to my buyer and a few phone calls to Brad and Bob.
 I picked up my check yesterday, Bob is taking off from his day job to drive the 50 miles to get his check today and Brad is getting his check mailed to him.
 The deal took 6 weeks. I also had a $2,500 check ready that I got from a another deal. I walked out of the Title company with $10,166.666

How sweet is that? It blows me away that because I have a bird dog buddy that I did a deal with 2 years ago calls me to help him out and I make $7,666
 Is that what u call networking?
 Let's make some MONEY.....

Offline rodr

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Re: $23,000 Assignment fee fee split 3 ways
« Reply #1 on: May 17, 2015, 09:16:58 pm »
Great Job!

Offline VanFar

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Re: $23,000 Assignment fee fee split 3 ways
« Reply #2 on: May 19, 2015, 06:15:30 pm »
Wow, good job!   :smile

 




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