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Updated about 8 years ago on . Most recent reply

User Stats

177
Posts
54
Votes
Matthew Rollo
  • Real Estate Agent
  • Orlando, FL
54
Votes |
177
Posts

70% Rule Deal Orlando

Matthew Rollo
  • Real Estate Agent
  • Orlando, FL
Posted

Using the 70% rule, I have come across something interesting in the central florida / orlando market.  

I would love some advice and my last post was deleted so not sure what I can share in here. PM me please, I need to share immediately. 

Most Popular Reply

User Stats

121
Posts
60
Votes
James A.
  • Flipper/Rehabber
  • Pittsburgh, PA
60
Votes |
121
Posts
James A.
  • Flipper/Rehabber
  • Pittsburgh, PA
Replied

@Matthew Rollo i didn't see your last post but I am assuming you are using the 70% rule for a fix and flip.  You just gotta remember it is a rule of thumb.  It depends on your hardmoney if you are using it, your realtor if you are using one, not sure what closing cost are like in Orlando remember you are closing on the purchase and closing on the sale,  Also your repair cost can eat into that alot if you get those wrong.  Also make sure your agent or someone who has access to good comps or is knowledgeable gives you a second option.  I actually just looked at a place where i thought the value was 15k higher than what my agent said they really were and was using the 70% rule on the higher number.  So just remember to due your due diligence and use the expects around you to double check.

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