Cryptocurrency Q&A
How much will a flipper pay for my house?
How much will a flipper pay for my house?
Eleonora
Mon Oct 28 2024
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7 answers
1424
I'm considering selling my house and I'm wondering how much a flipper, someone who buys properties to quickly renovate and sell for a profit, would be willing to pay for it.
7 answers
CryptoLegend
Tue Oct 29 2024
Flippers are motivated by the prospect of earning a profit.
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ethan_lewis_journalist
Tue Oct 29 2024
This standard is known as the 70% rule.
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CherryBlossomBloom
Tue Oct 29 2024
To achieve this goal, they typically offer a reduced price for properties.
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charlotte_clark_doctor
Tue Oct 29 2024
According to the 70% rule, an investor should not offer more than 70% of a property's after-repair value.
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CryptoTitan
Tue Oct 29 2024
The after-repair value, or ARV, is the estimated value of the property once repairs and renovations are completed.
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