Determining Wholesale Offer?
How do you determine a offer on a property you want to wholesale to another investor when you don't know what their acquisition costs are? Does the rule of thumb that I've always heard, 65-70% of the ARV - repairs really work for people? or are there exceptions to this rule? Thanks for your input. 
What I figure is that the rehabber is generally looking to buy @ about 75-80% ARV - repair $. That's general of course, being that some homes require more work, which = more $.
Get comps for similar props the area the home is in. Use recent sales figures, not appraisals. Decide what you think the ARV will be, take 80% of that, subtract your estimate on repair costs. That's about where the rehabber will look to buy.
Then all you have to do is figure out how much you want to make. Never mention price first when negotiating. You may be surprised by a low sell offer or a high buy offer.
Always keep in mind that the investor you sell to will make more money from the deal than you. Don't get greedy. Take your slice from the pie, double close and move on to the next deal.