Is there anyway to collect a assignment fee if the end buyer doesn’t have the cash to pay it? Will any lenders lend on an assignment fee? Any creative ways to get this fee paid? Thanks
Generally lenders will not finance assignment fees.
Rather than trying to find a creative way to get an assignment fee from a cash poor buyer I suggest you find a more qualified buyer. If my buyer had no cash I would be very concerned that the deal won’t close. Who is going to lend to this person especially in today’s lending environment?
If you truly have a “good deal”, then you should have no problem finding qualified buyers. If you are wholesaling, you’ll probably want experienced, serious investors that can close quickly. The numbers have to “work” for the serious investors.