The size of your assignment fee depends on how well you negoti- ated the deal, and how much equity is in it. On smaller properties, most investors will not buy from you unless they’re making at least $20,000 on the transaction. That’s the low end. Thus, if you want to make a $5,000 assignment fee, you’ll need at least $25,000 in equity. When I say equity, I mean the net amount of proceeds in the deal after taking the market value and deducting any costs associated with it.