They both go into deeper concepts behind the formula for building wealth which indirectly applies to Real Estate.Also this forum is full of information.  

Considering Cardone's success formula below and you are right on track with #1, #2 and #3:1.

Using Frank and Dave's Sky High formula...the park is a little over valued at $300k..but that's because of the extremely low lot rents.  

Flip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

@Matt McCourry try going to the web sites.  1,   ajdesigner.com                          2, theinvestorinsights.com/the-big-list-of-real-estate-formulas/You will find the majority of formulas Best of luckSteve

Flip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

Wholesaling formula is 70% of after repair value minus repairs minus your feeYou might consider doing a joint venture with the seller where you buy subject to the existing financing, use private money for the repairs, give them a note for their equity after you subtract real estate commissions and closing costs repairs and your fee of 10,000

How many times have you started liking a song because you hear it all day?

I'm looking for some guidance from some of the more experienced California flip investors in luxury homes to see if they might use a matrix or formula to plug in a set of  rehab estimation numbers for a luxury rehab as they are initially looking into the potential of a project being an acquisition candidate before they actually walk the property.I can typically create an estimated improvement budget for almost any commercial property in both office and industrial for proforma purposes before visiting the property, but residential is a new animal for me. 

I don't use equity build-up in any formula, other than trying to find properties that should be worth more than my Offer from day one (forced equity), and any future appreciation becomes a bonus that can be acted on at a moments notice - in the future!