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Updated over 10 years ago on . Most recent reply
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Wholesaling multi-unit properties
Anyone out their that have wholesaled multifamily properties before? Would like to know how do you determine your wholesale fee say on a 50+Unit? When doing smaller units like 12 or less I would usually add $100-$200 a door so would you suggest applying the same equation to a larger size amount of doors?
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If the current market value of the building is, say a 7 cap, and you tied it up at an 8 cap leave a little meat on the bone for your buyer so he gets a good deal.
It's the same as saying if you tied a house up for $70k that was worth $90k (as-is) - how much should my assignment fee be?
Adding a price/door only works if you have room in your assignment price to still attract a buyer with your mark up.
And by the way, the answer to "how much" is always: as much as the market will bare.