Do you expect to list a house at $250,000 after $30,000 in repairs?
Following the 70% rule, your offer should clock in at $145,000 or less (250,000 x 0.70 – 30,000).
(The 70% rule says you should only offer 70% of your expected after-repair value. It’s a long-held investment formula that keeps you from overbidding and safeguards your returns.)