Can You Flip a House with 10000? What is the 70% Rule in House Flipping?
The 70 percent rule states that an investor should pay 70 percent of the after repair value (ARV) of a property minus the repairs needed. The ARV is what a home is worth after repairs. On average, experienced flippers target 10 to 20 percent profit of the ARV. A 10 percent profit is low, and … Read more