Wholesaling in a hot market

[Michael Gee]

Hi everyone, I have a general newbie question about wholesaling or finding deals in a hot market. I know that the general (ARV x .70 less repairs) formula doesn't necessarily work in a hot selling market like Denver or any hot market for that matter. With that being the case, do investors adjust what they consider deals in their area? I hear that as long as people get at least 80% off of market value of a house in a hot market that is a deal to them. Does anyone have any thoughts about numbers in a fast selling market? Thanks for reading!