Now I obviously don't know Jack about your deal, and I also have local MILL rates built into my formulas that appear a little higher than yours, so I do not mean imply at all that you shouldn't have made the deal.

Basic formula that most flippers will use is something along the lines of:MAO (maximum allowable offer) = (ARV * 70%) - repairs needed People use anywhere from 60% - 75% depending on the marketThis should get you to a pretty good number.

There are formulas you can use for certain types of projects. 

Am looking for better ways or formula ....I reside in Wa I have being coming across a lot of Abandoned SFR .

My rationale is that if I use the same formula for all my properties I can make my systems more efficient therefore scaleable.

Roger,Lets run some numbers and see what we have...Purchase Price : 60kDown payment : 9kLoan Amount : 51kInterest : 5.25%Term : 15 yrMonthly Pmt : 409.97  (Annual 4919.64)This gives you a loan constant of : 9.6%   (Formula for LC = $4919.64 / 51,000)What does this mean to you...??  

I wholesale properties and am finding there is another formula for multi units. 

No matter how many podcasts you watch will the universe reveal a magic formula how to do it better.You find off market properties, you put it under contract, and you ell said contract.Plain and simple.

Rich Hupper:Rich,There are real estate formulas that are too creative and misunderstood by most readers.

Again, there are exceptions to this and I'm only stating a general rule of thumb for a new out of State investors.This seems to cut our a lot of head aches.Of course a good PM and team on the ground is crucial as well.CAP Rates vary depending on what formulas one uses to calculate.