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Rehabbing & House Flipping

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Tanner Grindel
  • Flipper/Rehabber
  • Fort Lauderdale, FL
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Does tax value effect how you bid on forclosures

Tanner Grindel
  • Flipper/Rehabber
  • Fort Lauderdale, FL
Posted Nov 20 2020, 08:13

Wondering if when you are bidding on a property to flip what type of consideration should you give to the current tax value and how much you are willing to pay? I know the 70% rule and then subtract rehab costs, but have never heard anything about this aspect of doing the numbers and if it actually matters.

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