70 % Rule or MPP
I am wondering how these 2 favor for new & seasoned investors. I personally like the MPP calculations because it seems as if you are allotting for majority cost involved in a flip.... repairs, profit, holding & closing cost. However, I hear a lot of advice for new investors to use the .70% rule.
I'm just curious to know which others are using and how it has worked for them.
- Thanks
Toshia