Updated almost 2 years ago on . Most recent reply
70 percent rule on flips
You have to excuses my ignorance I am doing research. I understand the 70% rule If you plan on flipping property. But what if I plan on renting it out. What percentage should be my rule of thumb?
Most Popular Reply
There are no percentage rules. You have to decide on your criteria and then run a pro forma analysis on each property to determine if it meets your metrics.
Once you do that 50 or 100 times, you'll start to see patterns and will know intuitively if a deal might work for you.
BP has a great book on investing in rental properties by Brandon Turner. Highly recommend it.