Hi,Would anyone like to share a formula to calculating deals on flips. 

Would be interested in seeing how short term IRR or annualized ROI might play here.JV vs Hard Money BETA spreadsheetDISCLAIMER -- I am not an excel expert and there may be errors in the formulas here or the layout may be confusing to you..

We are using his large HELOC as private money and our formula to use that for cash offer and renovation.  

What hurts Investors that use this formula is it does not account for Holding Costs, Backend Selling Costs, etc.I use the following formula to determine my Maximum Allowable Offer (MAO).

My formula is 70% ARV - rehab cost= Contract priceIsn't it competitive enough?

And insurance will vary depending on size of house and environmental factors, but compared to all the other expenses it would be so nominal of a percentage.The only thing that is not included in the standard 70-80% formula, is your personal and or corporate income tax rate.

That is the formula.

That has been my biggest frustration with most wholesalers who have no idea how much rehabs cost and they use a too simple (in my opinion) formula of square footage x $30.Also, please please please do not overinflate ARV.

I've seen formulas before, but like I said this is the first time I actually get this far with a lead, since my first potential lead went to jail.

What is the formula for finding out if it is good?