Hey BP,I have a question on the wholesale formula: ARV x (%) - repair - assignmentWhat formula % do you use for wholesale calculations in SoCal, especially in San Bernardino/Riverside area and Orange County area?

Let me know if you want me to send you the spreadsheet I prepare most months where I compare all Boston triples and you will see Dorchester investments crowd the top.36 Milton Ave (pending) produces almost 15% as-is with this formula with only 3 bedrooms per unit.David

In any case, this may help: https://www.biggerpockets.com/member-blogs/6405/80732-5-simple-formulas-every-buy-and-hold-investor-needs-to-know

Perfect, Ryan.Short version, regardless of the mayor's negativity towards STR's, they are allowed and our clients are crushing it- as we have nailed the formula.

I think this is a secret formula that everyone wants to know. =)

I use a simple formula of 4 figures:1) What will the home sell for after it's fixed up (ARV).

Everyone has their own formula.  

The wholesaler's Maximum Allowable Offer (MAO) formula is pretty simple: 70% of ARV – Rehab – Wholesale Fee =Get the ARV and Rehab right, and you are golden; Get either of those wrong and you're toast!

No real concrete formula to determine that number but that is were negotiations come to playgood luck...

I am finding the numbers to not line up with the BRRRR formula in that price point.