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Updated about 11 years ago on . Most recent reply

Shannon X.'s profile image
Shannon X.'s profile image
Shannon X.
  • Real Estate Investor
  • from Center Moriches, New York
  • Member since Sep 1, 2011
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163
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Shannon X.'s profile image
Shannon X.'s profile image
Shannon X.
  • Real Estate Investor
  • from Center Moriches, New York
  • Member since Sep 1, 2011
Connect
Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
4
Votes |
163
Posts
Rehabbing & House Flipping

DON'T use the 65% rule?

Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
Posted

So, I attended a REI meeting couple days ago, and it was based on flipping houses. As we were going through the powerpoint and other information, the mentor (who is great at what he does) said, don't use the 65% rule. Why is this? I have my notes at my house which shows what he said to use to figure out your MO

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