For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.

Do you have a business and a website?  

Ask them how long they've been in the business.

Look into who started this company and its business template. 

Lots of syndicators got into the business in 2018 and 2019 and simply got lucky when cap rates dropped from 7% to 4%. 

I am a small business landlord.I am in the process of building and ADU in the backyard.

Quote from @Derek Fike: Hey Everyone,I know that there has been quite a bit of conflict as to whether an STR can be profitable or not, so I figured that coming to this community for perspective would be best.

Overall real estate syndicates is not for everyone because you have to realise that you may have very limited control over investment, fees and expenses the syndicate, potential for conflicts of among members.

We financed the purchase through a local and trusted HML and partner, now friend and business associate, Mike, funded the bulk of the rehab.

We financed the purchase through a local and trusted HML and partner, now friend and business associate, Mike, funded the bulk of the rehab.