Question with the 70% rule when fix and flipping.

[Joseph Arellano]

Does the 70 Percent rule apply to homes with an ARV of 700K+? the higher the price of the home the higher the gap you pay with the 70% rule is. I noticed doing the 70% rule on much pricier homes the offers are extremely low, so my question is, is this formula effective with much pricier homes? just because the offers are extremely low using this formula on pricier homes i wonder if this approach is effective.