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Updated over 6 years ago,
"The Rules" of Investment Property
Clarity please! When calculating a potential deal, is the "Rule of Thumb" 70% or 75% (i.e. ARV x 70% - Rehab = Max Offer)? Also, any recommendations for estimating rehab cost (i.e. ARV x 10% + $10k = Rehab Budget)? I'm seeing various % for both and would like to ensure the math is correct. Thank you!