Investment formula

[Leo Don]

Hello BP, 

I just read a book on real estate investing and it contained a formula of making a offer on a house with 80% of the property value. I'm thinking that means after analyzing the CMA one should make a offer 80% of the asking price for a property that is for sell. I know that seem very unlikely and I would love to hear some inputs if anyone actually used this formula to purchase their property.

Please let me know what is your method for making a offer?

As alway, I appreciate it!