Newbie question

I have the opportunity to get a contract on a forclosure and it is my understanding I can assign the contract to someone if there is no profit in doing so rather charge the investor an upfront fee. If so what is fair or expected for a charge. I was thinking 10% of the anticipated equity.

Hey djm,

assign the contract if there is no profit??Did I read that right? Why would an investor desire a contract like that?

The rule of thumb that Ive seen is 10% of equity is about right for your assignment fee.

Maybe I am misunderstanding your post though.


There is plenty of profit for the investor (300k). I meant no increase in the sales contract price. Thanks