Question about 70% rule

[Account Closed]

I'm new to real estate investing and just starting out and looking to start my business in about 3-6 months. I did a example deal and used a property that is $91,250. the house already been fixed up so I used the formula without any repairs. I got $63,875. Now would that number be what I offer a new investor or do I offer him lower than that. And what number would be good to offer the buyer I'm buying the house from? 

[Brent Coombs]

Originally posted by @Account Closed:

So this would not be a wholesale property for another investor? 

Any investor will Offer you 70% of its market value. But, you need to get it for even LESS! 

Ned is just suggesting that in the real world, for this property, the Seller won't agree! Cheers...