Do wholesalers know that formula and not care?

If the property doesn't fit your formula at the current rents, either offer less or find something else.

Here is what I do and I am hoping someone can tell me if I found the magic formula or if I am doing this wrong.I have a $100k line of credit under my LLCs name.

I'm still scaling the same formula today.When I started I owned a duplex.

I'm almost finished with this project but I'm having trouble building a formula for APR as I am unsure what fees it incorporates.

If the ARV is 120K and the house needs 80K in work the formula is going to end up at $16K. 

In my market, OC and SD, traditional formulas of 70% of ARV - rehab costs just don't work.

Another thing is that ratings are not arrived at by any one examiner, but through a collaborative effort and with trends of past performance considered, one examiner may have an opinion but performance is not something arrived at by one person or formula or matrix.

Now having said that, this is not necessarily means that this is the formula for any cash flow idle, but for a long term investment, future appreciation, potential and possibly future cash flow, it would work.

On the flip side, how else would one numerically evaluate properties if not for a formula much like the one devised for calculating cap rates?