Does the 70% rule apply when buying with cash?

[Account Closed]

Does the 70% rule of thumb apply if you are buying with your own cash or get really great rates from a portfolio lender? Thanks, Nir

[Doug W.]

Apply whatever rule works for you. I have gone to 80%-83% when using a lot of my own cash. It allowed me to offer a higher price to a buyer which put me ahead of the competition.