70% Rule !??
Are we still sticking to the 70% rule when analyzing deals ? Or are we using a different formula ?. I’m also in the PNW, so I’m not to informed on the best method to use in this part of the market.
Yes, if it's a distressed property I still do the 70% rule, if I like the property I flip it if not I wholesale at 80% ARV - Repairs.
Eliott Elias
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
It is all preference, in a bull market the 70% rule is unlikely. With this climate 70% is the standard.
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Quote from @Eliott Elias:
It is all preference, in a bull market the 70% rule is unlikely. With this climate 70% is the standard.
Interesting. That helps me out a ton believe it or not.
Quote from @David Ramirez:Thanks man, you’ve helped me gain some clarity in the way I think about MAO.
Yes, if it's a distressed property I still do the 70% rule, if I like the property I flip it if not I wholesale at 80% ARV - Repairs.