But I will start you off the basics of wholesaling: 1.Find buyers 2.Find sellers/properties 3.Negotiate and get property under contract 4.Assign property to buyer 5.Get paid To evaluate a deal you do the MAO formula which is 70%(or less)of the ARV-Repairs-Your assignment fee=Maximum Allowable Offer and the percentage of the ARV is dependent on the market condition.

Many posters have experience in evaluating the property and can give their thoughts also.

I can do the arithmetic to evaluate it based on the operating expense model used on this site (you are the one that created this method?).

You can send me the calculators and I will take a look at them.I've created a program for my own use that I evaluate deals.

Gentleman,Thanks you for taking the time to evaluate this deal.

I am in position to close, so please have as much facts as possible (property description, work required, estimate amount needed, asking price, current comps and future conservative value, yes conservative value is what experienced investors use).With this info, I can evaluate and make an educated real decision.I am looking forward to your reply.

For example, if you know you need to evaluate 100 properties and make offers on 10 to acquire that amount of property then you could graph those drivers as well.

I plan on being in the area for at least a couple years anyway.I've been evaluating properties using the same strategy for typical flipping (at least 60% ARV).

In other words, I look at 20 REO's, I submit 20 offers, lets say all 20 are declined, contracted by somebody else, whatever....I keep those files and check on them weekly to check for BOM's, Price Changes, etc.....they stay in my system till they close.After forming relationships with top REO brokers, I look at a few of their deals coming BEFORE they are MLS listed, get inside, evaluate and have an offer of all cash written up right then.

Why can't you use the 50% rule to evaluate this deal?