Expert flippers and real estate agents have a formula they use to determine how much to pay for a potential flip. What is the name of this term?
Answer The 70 Percent Rule
The 70 Percent Rule is what experts use to figure out how much they should spend on a potential flip. You should pay no more than 70% of the After Repair Value and then subtract any necessary repair costs.
Asked by Jason Forbes · Last updated 5 years ago · 5.7K views · SOURCE
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