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Buying & Selling Real Estate

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Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
60
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250
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Wholesaling Multi-family properties

Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
Posted Dec 1 2014, 20:30

Hello BP Community

I came across a nice 8 fam property in Brooklyn for sale for about 2 million. I know i can find a buyer for this property but i don't feel comfortable wholesaling properties over 1 million dollars. Should I wholesale this property outright or simply refer the property to another investor for a finders fee. Any suggestions? 

If I do decide to wholesale the property, what figures will be vital in my analysis as to what to offer the seller? NOI? Expenses?

Is there a general rule of thumb formula applicable to income-producing properties like the 70%(ARV) less repairs less fee formula that is applied when wholesaling single-family homes?

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