I am new to all of this and still in the learning process. I like to really learn as much as possible before jumping in just because I want to know what I'm talking about and not feel totally lost when things really start moving. I did have a thought that I wanted some input on. Is it possible to do an assignment on both ends. For example, lets say I get a contract on a property for 150k that has an FMV of 300k. Now I tell the seller that the property will be assigned to an investor and that assignment fee is actually built into the purchase price (IEE) at 20k bringing the purchase agreement to 170k, 150k to the seller, 20k to me. So the contract is now written for 170k. Now can I turn around to the end buyer and do a seperate assignment contract for 200k. So at closing I would end up making 50k. Can you do both an IEE and an assignment in the same deal. Any thoughts??
I was also wondering about how other people go about explaining assignments to buyers. If you just do an assignment contract with the buyer, that buyer will see the original contract. I have seen a few preforclosure listings for property that is worth 900,000 with a defaulted loan of like 400,000. If thats the case, you can walk away with a hefty assignment fee but how do you justify that to a buyer even if they are walking away with a great deal, its still money out of their pocket. Appreciate any input, you guys are all amazing.