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Fix & Flip Loans
What is the 70% rule?
The 70% rule suggests that investors should not pay more than 70% of the ARV of a property, minus the estimated rehab costs, to ensure profitability.
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Related Questions
What is a fix and flip loan?
A fix and flip loan is a type of short-term loan used to finance the purchase and renovation of a property with the inte...
How do fix and flip loans work?
Fix and flip loans provide the funds needed to purchase a property and cover the costs of renovations. Once the renovati...
What are the eligibility requirements for a fix and flip loan?
Eligibility requirements vary by lender, but generally include a credit score of 620 or higher, a down payment of 10-20%...