Fair Offer Price for multi-million dollar deal

[Jonny Mcknight]

Hey Family, 

So, I've watched every single youtube video and ready every single article; I'm talking months on end regarding wholesaling a property but most have been on properties valued at $150,000k or less.

Today, I got a real live deal, in the millions and have no idea what a fair offer should be. 

The property is valued at $2 million, the rehab budget is $600,000 the ARV is $4 million and my desired wholesale fee is $200,000.

With this info, what should a fair offer be and can you kindly break it down? Thank you so much in advance.

[Jonathan Greene]

I don't know about the community, but I would say that you sound too green to take on this deal. Does the $2m seller understand you are a wholesaler? How many wholesale deals have you done? If any, what is the highest price point you have wholesaled? Who on your list can come in hot with this much in cash to do the deal? And who came up with the rehab numbers on this? Answer this: why is this seller even talking to you? Do you have a proof of funds or a vetted million-dollar buyer list? It seems like the ultimate reach and very unlikely to come through if you don't have experience at this price point.