What is the MAO usually on a property that is already updated?

[Ali K. Hijazi]

Hello everyone, my name is Ali, I'm based out of Ridgefield, NJ which is in Northern NJ (if you're in the area, let's network).  I'm fairly new to real estate investing and I just want to thank the Bigger Pockets team and all its members for the vast wealth of knowledge you all provide.  I enjoy learning everything there is to know about real estate.  I can't say enough about the forums, the members and the resources Bigger Pockets provides.  

I'm currently wholesaling until I get a few deals under my belt.  One of my goals is to get into buy and holds and build a nice profile to sustain my family through passive income.

So, I have a newbie question regarding properties that have already been updated and need absolutely no work. What is your MAO formula on such properties? I'm familiar with the MAO formula for distressed properties (70% of ARV - Repairs); correct me if I'm wrong. So for a property I described above, which has everything updated, what MAO would be attractive to investors? Is it 70%,75%, or 80% of the current market value?

Say I found a property that is worth $100K as is (in great condition), at what price would an investor think it's a good deal?  I feel if I offer sellers 50 cents on the dollar on these types of properties, I will hardly yield any satisfactory results simply because others will be offering more. 

If my question is a bit ambiguous, please let me know I'll gladly try to rephrase it as best as I can.  Thanks in advance and I hope to network with many of you– and be able to contribute to your goals in any way that I can.

Kind Regards

Ali K Hijazi