Bank asking for $2.3M for 45 properties of former builder's inventory

[Catrina Alexander]

Hello everyone,

It's been awhile since I've been on here. I have a question to propose to the wholesaling gurus and possible the moderator, if necessary.

I've been working on wholesaling a number of properties with an asset manager who holds 45 properties of a former builder's inventory of unfinished homes all across Houston, TX. He's requesting that the inventory be disposed of in bulk and is asking for $2.3M for the entire inventory. That's approximately $51k for each house!

Anywho, my question is....what would be a good/decent wholesale fee for this transaction? I'm speaking with someone here in Houston and previously, he said that he would give me $200k as an assignment fee, which averages out to around 8-10%. Do you think this is a fair number? Or is it too high? Also, not to tick off the end buyer, how would you guys structure this deal? One contract with an attachment of a list of all 45 properties with legal descriptions or would you draft 45 different contracts for each property....which is what a loan officer at an investor friendly title company advised me to do?

Please advise....