Im new to Propstream and Im using Propstream To find deals And Im ONLY targeting Vacant Houses with 70% equity or more and I'm Kinda confused on if im only supposed to worry about Deducting the equity that the Seller still owe with the MAO.
Or do I also have to worry about the seller tax liens and equity?
Your MAO and Equity are calculated by the following:
MAO = ARV - rehab estimates -carrying costs - profit - fee
Equity = Market value - loans - liens
Equity really doesn't have anything to do with wholesaling since it's based on market value.
All you have to do is make sure the MAO is greater than loans and liens otherwise the seller would have to pay to sell the property.