a newbie wholesaler working on her first deal

[Cedrice R Young]

Hello all, I am a newbie wholesaler and I am in the process of working on my first deal! Math has never been my strong suit so I am trying to be meticulous in my research and calculations. Please please PLEASE let me know if I am doing right or wrong! I thrive on constructive criticism.

So I have motivated seller who lists his purchase price at $99,000 and the home is in need of $50,000 worth of repairs. I've done my due diligence in researching and calculating the ARV which is around $194,000.00 Once I've done the math, and factored in my 10 percent assignment fee, I have the offer price at $66,400. Would this be accurate and reasonable for my buyer and seller if I follow the standard equation of ARV(.70)-repairs- my fee = offer price. Please let me know.

Furthermore, but only just in case, I have created negotiable numbers just in case the seller doesn't budge on my original offer fee. It would result in me taking a $9,400.00 pay cut leaving me at about $10,000.00. Do you guys think this is smart? 

Lastly, does anyone have any suggestions on how to go about getting accurate comps if Georgia MLS isn't as helpful? I had to devise the comps myself and calculate the ARV from there. I'm not necessarily worried about accuracy, but I do what a solid estimate. PLEASE HELP GUYS! Thank you!