70% Rule For Wholesaling VS Bigger Pockets Wholesaling Calculator

[Jason Toledo]

Hi BP, 

Love practicing my deal analyzation skills and using the amazing calculators provided through BP. I was reaching out to see if anyone knew the formula BP uses for their Wholesaling Calculator. When I use the Wholesaling Calc to analyze a deal i'm working on (whether wholesaling or knocking out my first rehab) the numbers look good and make sense. On the other hand, when I use the 70% rule ARV * 70% - Repairs - Wholesale Fee, it doesn't paint a pretty picture. Let me know your thoughts on this and as always thanks in advance!

Best Regards - 

Jason Toledo

[Ian Kurela]

Hey Jason, I try to simplify the math. Really I just use the 70% rule. 

What are you more concerned about? The price you take it under contract, or the price you assign?