They have some internal formula to determine what price they market the property for, as well as how long they wait to drop the price.

I found this website while searching flipping formulas.  

Without seeing how your formulas are calculated, I can't tell you where you're going wrong. 

There is no magic formula. 8)

I would say that Mike's method is more conservative.Others more into the details have posted some pretty clear formulas.

But I've often heard that acceptance of offers is based on a formula related to BPO and time on market.

This is the magic formula.

There is no magic formula that can fit any and all investors.My advice is start with one or two (houses, condos or 1-4 units building) see how it goes, how you like it.

Hi,

Does anybody have any pointers to resources/documents that help you assess building costs or replacement costs for the following items.
-Blinds
-Carpets
-Driveway
-Fences
-Landscaping
-Patio
-Sidewalk
-Swimming P...

(have not landed a deal yet). i joined my local REIC,i have a copy of my city's(jacksonville fl) condemd list, studying RE investing books in the library and have been searching and searching for my first wholesale deal (it's only been a few weeks..told you i was new) so i've also been on this website searching through all the post dealing with wholesaling, startup etc. and ran across ryan's link to all his post he made on different subjects. so my question is this ...one of his subjects is number crunching category is about the formula...now i understand his formula. but they all seem to pertain to someone purchasing for fixup and resale. are there any numbers to go by when trying to find wholesale deals?