Opportunity to Wholesale 4-Unit Apartment Complex

[Sakib Shaikh]

I have a motivated seller who wants to sell a 4-Unit apartment complex in a small town outside San Antonio, TX. The county appraisal value is $350k.

Each unit is a 2/2, and brings in $750 per month in rent, 3/4 occupied.

Would need roughly $30k in repairs. How should I handle this? Very new to wholesaling, looking to close my first deal. How much should I offer? How much should my assignment fee be?

[Ariel K.]

More information would be helpful.  Also - maybe it's just me, but I don't really care what the county appraisal is except for property tax purposes.  You should look at running comps in the area.  Are tenants easy to find?