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Updated over 8 years ago, 07/07/2016
Does the 70% rule apply in SoCal?
I've noticed as I'm trying to analys deals that I'm see properties purchased at closer to 80% or if its a 70% of ARV there doesn't seem to be any room for rehab or holding cost. Should I be working from a higher starting point in my analysis or am I just seen people buy properties without doing their numbers correctly?