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Updated almost 8 years ago on . Most recent reply
Portland Oregon Property R-1 1 acre 4.8 Mil profit HELP!!
Hello,
I have a questions really quick regarding this property. I typically do single family flipping and wholesaling with much smaller returns. I have checked and re-checked with the city and this is a done deal. Buildable, up to 30 units. Arv per unit is $330k at 1500 sqft.
This is a deal I am going to Wholesale. My team has a protocol wholesale fee tier level system set in place based on investor profit. This profit is above our $50k which is 15%. This would be a wholesale fee of $722,410.
I need some help on how to handle this once I send it to my Builder investor teams.
Should I send it nationally? What types of terms should I prepare to hear from the builders? Is this even appropriate to ask for with a 4.8 Million dollar investor profit?
I want to be fair, but this is an opportunity that is a win win for all parties involved. Our team, the birdogger, the wholesaler, our listing agent, and investor.
I like deals where everyone wins..
We locked it down today, so I have 10 due diligence, and 30 day close. Suggestions comments and thoughts sooner rather than later would be very helpful for us.
Thank you!
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Not much for advice, but good luck. Do you lose anything by greater circulation?