What is the formula for wholesaling a teardown house and do I still minus the 30% discount for the investor?

Good luck @Bob Stevens That's pretty crazy with no training, reading anything at all you intuitively knew how to, realize whom might need to sell, how to find their info, contact them, what contract to use for a wholesale deal, how to structure deal, what formulas are proven, how to figure rehab cost, where to find buyers, etc., etc.... probably no need for a real estate consultant either, right? 

Despite what the guru's tell you, there is no formula you can use as a shortcut.

After a year and a half in this game of real estate, I am NO WHERE NEAR becoming financially free.When I closed on My First Property in December of 2016 the formula was simple.

Try it yourself - try to find the BP page for BP Daily episode #1118 capital expenditures (capex): Definition, Formula, Examples by Brian Carberry, it is dated Nov 6th, 2023.  

This small formula could be the deal breaker for you.

This is the long-term financial trap of buying properties in locations where rents do not outpace inflation.No matter how many properties you own in locations where rent growth is less than inflation, you cannot achieve financial freedom because your inflation-adjusted (buying power) rent is continuously declining.ConclusionIf your property is in a city with a low appreciation rate, consider using a 1031 exchange to purchase a replacement property in a city with a high appreciation rate where you can use cash-out refinance to buy more properties and where your rents will outpace inflation.Except this leaves out the most important and powerful game changer in the formula. 

I forget the what the exact formula is but the amount that they pay doesn't necessarily change based on the total rent as long as it's under the FMR.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Formula : Potential Property Sqft X Average $ for sqft ex) 1,500 Sqft X $75 (avg) =  $112,500From here I would subtract the repair and aquisition costs, and if i'm buying from a wholeseller I would subtract thier costs. 

I will use the occupant per unit formula to divide the water bill.