Wholesale Formula for SoCal?

[Bo Huang]

Hey BP,

I have a question on the wholesale formula: ARV x (%) - repair - assignment

What formula % do you use for wholesale calculations in SoCal, especially in San Bernardino/Riverside area and Orange County area? I feel like the traditional 70-80% calculation might be too low in the OC area especially? Are investors willing to buy when it’s around 85% or more if repairs are minimal? I’m trying to understand the right range so I can stay competitive when making offers and still help flippers make their margins. Thank you in advance!