597: They Says the 70% Rule Is Dead. He Disagrees

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 - What Randy Garrison's Business Does

1:59 - Army Career to Real Estate

8:37 - Mentoring Other Investors

10:13 - The 70% Rule Explained

11:56 - Finding Deals & Solving Problems

18:08 - What a Typical Month Looks Like

21:35 - Managing Rentals with DoorLoop

25:13 - His Wife's Role in the Business

28:14 - DealMachine Feature Requests

33:35 - Closing Advice & Where to Find Him

35:51 - 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/