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Updated over 11 years ago,
70% rule applying on buy and holds
Hi all,
I know that as a wholesaler, I am looking for properties that meet or are close to the 70% rule. However, I have been getting a lot of calls from sellers that have property with tenants in them. Most of them have tenants that are paying on time too. Some of them want to sell, but the spread doesn't come close to the 70% rule. My question is this. Do buy and hold investors care about the 70% rule as much? What other criteria does a wholesale deal have to meet to be attractive to a buy and hold investor?