What is MAO (Maximum Allowable Offer)?
MAO is the maximum price a real estate investor should pay for a property to maintain acceptable profit margins after all costs. It's the foundational calculation in wholesale real estate, fix-and-flip investing, and distressed property acquisition.
The 70% Rule Explained
The 70% rule is the most widely used formula in real estate investing: MAO = (ARV × 0.70) − Repair Costs. The 30% buffer accounts for selling costs (agent fees, closing costs), holding costs (taxes, insurance, utilities), contingencies, and the investor's profit margin.
MAO for Wholesalers vs. Fix-and-Flip Investors
Wholesalers use MAO differently than fix-and-flip investors. A wholesaler's MAO is actually split into two numbers: the price they offer the investor (true MAO) and the price they offer the seller (MAO minus their assignment fee). The spread is the wholesale fee — typically $5,000–$20,000 per deal.