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Updated about 6 years ago on . Most recent reply
70% Rule For Wholesaling VS Bigger Pockets Wholesaling Calculator
Hi BP,
Love practicing my deal analyzation skills and using the amazing calculators provided through BP. I was reaching out to see if anyone knew the formula BP uses for their Wholesaling Calculator. When I use the Wholesaling Calc to analyze a deal i'm working on (whether wholesaling or knocking out my first rehab) the numbers look good and make sense. On the other hand, when I use the 70% rule ARV * 70% - Repairs - Wholesale Fee, it doesn't paint a pretty picture. Let me know your thoughts on this and as always thanks in advance!
Best Regards -
Jason Toledo
Most Popular Reply
Hey Jason, I try to simplify the math. Really I just use the 70% rule.
What are you more concerned about? The price you take it under contract, or the price you assign?