Randy Garrison explains why he still uses the 70% rule to buy properties with room for rehab overruns and profit.
The 70% rule still guides Randy Garrison’s buying decisions, even when other investors say it no longer works. He explains how buying at 70% of after-repair value minus repairs leaves room for unexpected costs while protecting his profit. With 10–15 flips a year, Randy shares why he targets at least $35,000 after expenses and passes on thinner margins. He also discusses how driving for dollars and conversations with sellers help him find off-market opportunities that fit his numbers.
KEY TALKING POINTS:
0:00 - Meet Randy Garrison & His Business
1:47 - His Army Career
5:04 - Getting Into Real Estate
9:57 - The 70% Rule Explained
11:42 - Finding & Helping Sellers
17:52 - A Typical Month
25:00 - His Wife's Role
27:57 - DealMachine Feature Requests
33:17 - Final Advice & Contact
35:35 - Outro
LINKS:
Facebook: Randy Garrison
https://www.facebook.com/randy.garrison.796
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/