Buy Formula in WA State

[Simon Y Kim]

Hey BP community,

I am getting outbid on on-market properties in the Pierce County, WA area, particularly in Tacoma and Spanaway. 

Is it too much to ask what buy formula buyers are using to put in their offers? I currently am taking 70% of ARV minus the estimated rehab cost to get my MAO and it tends to be way lower than other buyers/investors making bids.

How are other investors coming up with their offers?

What factors do you include in determining your buy formula? 

Thanks!