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Updated about 8 years ago on . Most recent reply

User Stats

63
Posts
51
Votes
Brad F.
  • Flipper/Rehabber
  • Summerville, SC
51
Votes |
63
Posts

Portland Oregon Property R-1 1 acre 4.8 Mil profit HELP!!

Brad F.
  • Flipper/Rehabber
  • Summerville, SC
Posted

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! 

Most Popular Reply

User Stats

330
Posts
137
Votes
Ben McMahon
  • Contractor
  • San Diego CA
137
Votes |
330
Posts
Ben McMahon
  • Contractor
  • San Diego CA
Replied

Not much for advice, but good luck.  Do you lose anything by greater circulation?

  • Ben McMahon
  • Loading replies...