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Updated almost 6 years ago,
Opportunity to Wholesale 4-Unit Apartment Complex
I have a motivated seller who wants to sell a 4-Unit apartment complex in a small town outside San Antonio, TX. The county appraisal value is $350k.
Each unit is a 2/2, and brings in $750 per month in rent, 3/4 occupied.
Would need roughly $30k in repairs. How should I handle this? Very new to wholesaling, looking to close my first deal. How much should I offer? How much should my assignment fee be?