How much should I get as a wholesale fee for a $4 million deal?

[Jacob St. Martin]

Hello everyone,

I am a real estate investor near charlottesville va, and do not specifically focus on wholesaling but will occasionally wholesale something if I think it is a good deal but doesn't work for me. I found a property that is 150 acres with 4 STR cabins that are performing well with huge room to expand. The price the seller gave to start was 4.25 million, I think I can get them a good bit lower but even at this price I have an interested buyer. My question is how large of an assignment fee do I collect on this? I see people take 10k on a 100k property but if you were to scale that to 4.25 million that is $425,000 which seems egregious. My buyer is also a charitable organization that I believe in a lot so I plan to take whatever a "reasonable" assignment fee would be and take substantially less but would still like something.

Thank you in advance!