Is the purchase price in the assignment contract the price I locked with the seller, or some number I made up?

The original purchase contract stays at $80,000. That number does not change. What you create separately is an assignment agreement, a short document that says you are transferring your rights in that original contract to the new buyer. The assignment agreement is where the $14,000 fee appears explicitly, usually on a line that says something like "assignment fee: $14,000." The end buyer brings $94,000 to closing. The seller gets $80,000, and you get $14,000 from the spread.

So two documents exist side by side: the purchase contract (your deal with the seller, locked at $80,000) and the assignment agreement (your deal with the buyer, showing the fee). The title company or closing attorney sees both and splits the money accordingly.

The thing worth knowing before you need it: some end buyers will ask to see the original purchase contract so they can verify your locked price. That is normal and not a problem, but it means your $14,000 fee is visible to them. If a buyer objects to the size of your fee, that is a negotiation, and some wholesalers handle it by using a double close instead. A double close is two back-to-back transactions where you briefly take title, which keeps your fee private. The Rena wholesaling guide covers both structures under the assignment section in the Guide tab.

One more thing worth confirming with a real estate attorney in your state: a few states now have disclosure rules about what the assignment fee must say and when the seller must be told. That is not something to guess at.

What state are you planning to work in? That changes which rules apply.

Both numbers sit in one document, $80k purchase price plus the $14k fee, buyer sees the whole thing.

The assignment agreement is a separate doc that rides on top of your original purchase contract. The original stays locked at $80k, you are not rewriting that number anywhere. The assignment agreement itself typically shows the assignor (you), the assignee (your buyer), the contract being assigned, and then the $14k fee listed explicitly as the assignment fee. So your buyer sees both numbers, full stop. What I would want to know before I committed to any deal is whether your end buyer is financing with FHA or VA, because some title companies in Texas and Ohio specifically will flag or refuse the closing when that fee shows up in black and white next to a retail borrower.

The one thing I never see work is trying to hide the fee inside a rewritten purchase price. Title companies pull both documents, see the gap, and start asking questions that slow or kill the closing.

Standard setup: original contract stays at $80k, separate assignment agreement says you're transferring your equitable interest for $14k, buyer brings $94k total to the table. Both docs go to title.

Some buyers will balk when they see the fee spelled out. That's the moment you find out if your deal was actually priced right.

Disagree with the framing here because the paperwork question is less important than what your buyer actually sees. In a standard assignment the purchase contract stays at $80k and your assignment agreement is a separate document showing your $14k fee, but here is the real issue: a sophisticated cash buyer is going to pull title, do their own math, and know exactly what you locked it for regardless of how you structure the docs. I have watched wholesalers try to hide the spread by doing a double close instead, which costs real money in two sets of closing costs and sometimes triggers seasoning questions depending on the lender on the B-C side. If your buyer balks at a visible $14k fee on a house they are picking up at $94k, that is a buyer problem, not a paperwork problem. Find a different buyer. The transparency in the assignment agreement is actually your protection if the deal ever gets disputed.

The buyer sees both numbers, $80k and the $14k fee, on the assignment agreement itself, no mystery.

Depends on your buyer and how you structured the original contract. If you locked it assignable at $80k, that number is frozen, you cannot rewrite it without canceling and re-executing, which most sellers won't do and which blows your timeline. The assignment agreement is where the $14k lives, spelled out as your assignment fee, and any cash buyer with half a brain is going to read both documents back to back. I've been prepping for my first LP check this year and went through about thirty assignment agreements just to understand the paper trail before I write anything, what I kept seeing is that the fee line is explicit, not buried. Some buyers try to negotiate that fee down after they see it in writing, so know your floor before you hand over anything.

The one thing I have never once seen work is hiding the spread by running two separate closings on the same day hoping the buyer doesn't connect the dots. What actually happens is the title company figures it out immediately, they're coordinating both closings, they see both HUD-1s, and now you look like you're trying to obscure something. One title company in Phoenix flat refused to close the second transaction when the numbers didn't line up with what the buyer was told. Transparent is faster. Put the $80k in the original contract, put the $14k assignment fee in the assignment agreement, send both to the buyer at the same time, and you don't have that conversation at the closing table.