Has the wholesale formula for making offers in this down market changed?

Question

When I 1st started out learning about real estate mainly wholesaling there was a common formula use for making offers on homes, want was i believe 70%x ARV - 10,000 = Mao. is that formula still relevant today?

George Maka · Answer

@Rod Coleman Your assignment fee can be whatever you want. If you can get a $50k assignment fee, then go for that. The house is worth whatever someone is willing to pay for it.

Thanks,

George

Rod Coleman · Answer

@George Makakaufaki That's true are you a wholeseller also?

Rod Coleman · Answer

so it hasn't changed, i fugured that it would had since money is tight, as far as asignment fee i thought started at 10k to give you negotiation room.

Rod Coleman · Answer

my applogies minus repair cost also, so it should read 70% x ARV- repairs =Mao - 10,000 = offer price?

Has the wholesale formula for making offers in this down market changed?

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