Quotes of the Day

The 70% rule states that the most a flipper should pay for a property is 70% of the after repair value (ARV, what the house is worth after it has been fixed up) less rehab costs. So, a house that has an ARV of $150,000 and needs $30,000 worth of rehab could be bought for $75,000, because $150,000 x .7 = $105,000 and $105,000 - $30,000 = $75,000. How can I do this? It may require direct mail, Craigslist, driving for dollars and it's going to take some hustle. Most lenders are unwilling to loan money on a fixer-upper and you'll probably have to look at options such as hard money, private money, cash, home equity, and other strategies. [2015] - Brandon Turner

If you are purchasing with 25% down payment vs. 20%, you may get a lower rate. 30% might get you a bit lower yet. The lowest insurable rates are usually available with 35% or greater down payment, however with some lenders you may need as much as 40%. Additional down payment beyond 35-40% will not get you a further discount on rate. [2018] - Paul Meredith

An impression simply means that the Web page containing the advertisement was loaded and potentially viewed by someone who is browsing that Web site. The process of a site visitor clicking on a banner ad with his or her mouse is called a click through. Banner advertising is typically a very low cost investment (usually under .10 cents per click). [2007] - Bruce C. Brown

Preservation methods in prepackaged, jarred, processed, and canned foods require the use of chemicals that are inherently acidic or have properties that loosen the Lower Esophageal Sphincter (LES). I allow three exceptions in the Acid Watcher Diet: canned tuna, chickpeas, and beans. Canned tuna must be water packed and drained before using. Canned chickpeas and beans must be organic and thoroughly washed to eliminate traces of acidified liquids. [2017] - Jonathan Aviv

Once the reasons you got into a trade have changed, you should get out of the trade. An example would be when you buy because the market is near a trendline and you think it will continue to trend. If it breaks the line, you were wrong, so don’t hesitate to get out. [2003] - Marcel Link