Glossary

What is MAO (Maximum Allowable Offer)?

MAO, or Maximum Allowable Offer, is the highest price a wholesaler or investor can pay for a property and still make the deal profitable. It's derived from the ARV and estimated repair costs using the 70% rule.

MAO Formula

Standard
MAO = (ARV × 0.70) − Estimated Repair Costs
For wholesaling
MAO = (ARV × 0.70) − Repairs − Assignment Fee

Why 70%?

The 30% buffer covers: closing costs (2–4%), holding costs (2–5% annualized), selling costs (6–8%), unexpected repairs (~5%), and the buyer's profit margin. The 70% rule has been the industry standard because it provides enough cushion to survive cost overruns while still leaving room for profit.

MAO vs. Asking Price

MAO is your ceiling. If the seller's asking price is above your MAO, the deal doesn't work — unless you can renegotiate or your repair estimate is conservative. Never confuse MAO with your opening offer; lead with a lower number and negotiate up.

Frequently Asked Questions

What if the property is in great condition?
Adjust your repair estimate down. Lower repairs → higher MAO → more room to negotiate.
Can MAO be above list price?
Yes, on underpriced listings. If the list price is well below ARV × 70% − repairs, there's a deal.
Does MAO change by market?
The formula stays the same, but ARV and repair costs vary by market. Always run comps locally.
Related Terms
ARV70% RuleMAO Calculator

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