WHOLE SALING USING THE 70 % RULE

[Dan Green]

Hello BP family! I am starting to wholesale here in tampa Florida and i currently have two deals under contract. I want to knoe more about the 70% percent rule so i can make sure my numbers are including everything. So i have a property with an ARV of 155k with Estimated repair cost to be 70k so using the 70% rule . 155,000 X .70 = 108,000 - 70,000=38,500 MPP . My asking price was 30k and thats including my fee. Ive only showed it to two investors and they keep saying subtract holding cost closing cost and realtor fees. I didnt and dont think this is right but im still new so thats why im bringing the problem to you guys.