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Updated over 10 years ago on . Most recent reply

Rod Coleman's profile image
Rod Coleman's profile image
Rod Coleman
  • Real Estate Agent
  • from Chester, Virginia
  • Member since May 2, 2014
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Rod Coleman's profile image
Rod Coleman's profile image
Rod Coleman
  • Real Estate Agent
  • from Chester, Virginia
  • Member since May 2, 2014
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Rod Coleman
  • Real Estate Agent
  • Chester, VA
5
Votes |
59
Posts
Starting Out

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

Rod Coleman
  • Real Estate Agent
  • Chester, VA
Posted

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?

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George Maka's profile image
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George Maka
  • from Irvine, CA
  • Member since May 8, 2013
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George Maka's profile image
George Maka's profile image
George Maka
  • from Irvine, CA
  • Member since May 8, 2013
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George Maka
  • Irvine, CA
67
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George Maka
  • Irvine, CA
Replied

@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

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