Core concepts
Acquisition discipline
70% (ARV − rehab) rule provides margin of safety.
Refinance commitment
Pre-qualify exit lender BEFORE acquisition closing.
Velocity loop
Capital recycled in 4–7 months enables 2–4 deals per year.
Examples
- $60k buy + $35k rehab + $5k carry = $100k all-in; $108k refi at 75% × $145k ARV.
Practical applications
- Operators with renovation experience.
- Markets with strong appraisal support post-rehab.
Common mistakes
- No committed exit lender.
- Over-rehabbing.
- Ignoring seasoning rules.
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