Wholesaling a 6 unit apartment building

[Jestin Sorenson]

Hey guys,

I have a lead on a 6 unit apartment building. I have a buyer. I don't know enough about evaluating a 6 unit to even know what to get it under contract for. The buyer is open to discussing terms. I know you guys need to a lot more info about the property, but as a ball park, what might be a good whole fee or equity percentage for a finders fee. Instead of wholesaling the property, I could get a portion of the equity. What would be a fair amount? The 6 units noi is about 18k per year. Purchase price is 4-500k. I need to negotiate that still. Any help on navigating this or something that at least points me in the general direction would be greatly appreciated. Let me know if you need more info. There is possible value add of bringing the rents up from 800 to 1000 per month per unit. There is also a basement and garage that could be more value add. Prob C class neighborhood.