All Forum Posts by: Matt Van Dyk

Thanks for the responses. And thanks Tim for the 78-83% of ARV stat. It does seem that there is profit to be made if you deviate from the 70% rule, but with the decrease in profits comes an increase in risk.

Tim, can you clarify "Singles". I assume you mean single digit returns?

Hi All,

This is my first post as I am new to this site. I'm not sure if this question has already been asked, but I live in Southern California where the median home price is $750,000.00. It seems that to purchase a home, after rehab costs, for 70% of the FMV, is unrealistic, even if I do the repairs myself, as I am a general contractor. Should the 70% rule be used in high end areas?