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Updated over 10 years ago,
Am I being greedy on my wholesale fee?
Heres the deal. I got a 3 family that already has condo docs in place. All 3 units are immaculate! All the buyer has to do is close and relist right away. No rehab! The multi is going for 649,000.00 to him. He will then turn around and sell 2 units for 289k conservative and one unit for 259k. Total profit after holding costs would be 130,000.00 and I believe he can turn this around in 2-3 months.
Do you think 20,000.00 for my fee is reasonable? Or is that too much?
Thanks for any advice.