Wholesaling in San Jose, CA

[Spencer Kugler]

Dear Wholesalers,

I'm I'm in the San Jose/Bay area location in CA and I'm wondering what price I should try to get a property under contract for that would be attractive for a cash buyer. I know that the basic rule it 70% of the ARV minus rehab, but that seems a little steep on 1+ million dollar homes. Should I stick to that rule or is there something different I should stick to?