Conversation with a flipper in Austin changed how I price cash offers

I was at a title company closing last Tuesday and this flipper told me he never offers more than 70% of ARV minus repairs, even for clean properties. He said cash buyers like us are competing against people who overpay with loans, and backing out hurts more than losing a deal. Does anyone else stick to that hard rule, or do you flex when the market gets hot?

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joel_young12d ago

That rule goes out the window when I find a unicorn, lol.