Posted by Brent_IL on March 11, 2002 at 24:07:17:
I flip the financing so you could say I wholesale the terms. Regardless of the profit potential, my personal max is ~81% of FMV if I have any post-purchase responsibility. 100% less 10% discount for quick sale less 10% of selling price for closing costs = 81%. Just in case I have to bail.
This formula doesn’t apply to rehab/repair-type flips.