What to do now....

[Tanzie Staley]

Hey guys I'm working on getting a house under contract in my area in NY. The house is going for 799,000 but I don't know how to decide the price I should pay for it. I've been hearing that I need to buy the property at a 25% to 45% below value at a wholesale price to leave room for my buyer to make a profit . Can you guys tell me how much you would pay and show me the formula to do so. Thank you for your help :-)