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Updated about 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Highlands Ranch, CO
4
Votes |
45
Posts

Does the 70% rule apply when buying with cash?

Account Closed
  • Investor
  • Highlands Ranch, CO
Posted
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

Most Popular Reply

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461
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262
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Doug W.
  • Flipper/Rehabber
  • Alexandria, VA
262
Votes |
461
Posts
Doug W.
  • Flipper/Rehabber
  • Alexandria, VA
Replied

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.

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