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Updated almost 9 years ago,
Need Help: BiggerPockets Wholesale Calculator
I'm trying to understand how the maximum purchase price is being calculated when using the wholesale calculator rental option. I've tried using this formula MAO = [ARV] – [Flipper’s Profit] – [Repair Costs] – [Fixed Costs] – [Wholesale Fee] that I found on a biggerpockets blog post, however the math just isn't adding up. It seems that the calculator is using a different formula? I would like to jumpstart my real estate investing career by becoming a wholesaler first. I would like to have the biggerpockets calculators in my arsenal of tools, however at the same time I would like to be able to explain the numbers intelligently. @Brandon Turner @Joshua Dorkin can either of you guys chime in to discuss what formula the calculator is using? Thanks in advance.