Just a few thoughts: you could rent or lease to her, buy the others' shares without hers at big discount, give her rental credit if X months/weeks, buy with note with payment start date beginning after possession or rent paid, etc.She is the gift in this formula that will help your negotiating, both now and later.

(This strategy is called "assigning" since you personally never close on the property)The formula most wholesalers (assignors) use isMax offer=After Repair Value (ARV) X 70% - repair costs - assignment fee.Some other strategies to read up on are Sub 2 (subject 2), wraparound mortgages, and true wholesaling with a double close.Good luck and keep reading and asking questions here on BP!

The basic formula is supposed to be offer price = 70% of ARV - repairs - wholesale assignment amt (could be 5k could be 10k or more)So if you want to make 10k on a 100k house you'd contract it for 50k and sell it for 60k if it needs 10k in repairs.

I don't know "the formulas" yet but to a newbie that sounds like a great ROI.

Besides, I am a little worried that as I add more sources of income that I initially put in and allowed more blank rows for, my formulas would get messed up.Do you know of any web site or free software that can do the above ?

I'm poor at excel and am hoping some of you will share some great excel formula's you've built to value potential holds and flips.

(By the way, this formula can also make you very rich).

This is the wholesale formula that I use in my area ARV x 60% - Repairs = MAO - WP = Offer price.

George Allen who is considered the guru of consultants to manufactured housing community owners has a fairly complex and accurate formula for setting rents and he gives it away for free.

Hi all,What formula do you use to screen a SFH to see if it is worth buying for rent purposes?