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Updated almost 3 years ago on . Most recent reply

James Mcsweeney's profile image
James Mcsweeney's profile image
James Mcsweeney
  • from Denver, CO
  • Member since Jan 13, 2020
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James Mcsweeney's profile image
James Mcsweeney's profile image
James Mcsweeney
  • from Denver, CO
  • Member since Jan 13, 2020
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James Mcsweeney
  • Denver, CO
95
Votes |
112
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Buying & Selling Real Estate

Covering difference on short appraisal?

James Mcsweeney
  • Denver, CO
Posted

Currently in contract with a duplex, good condition. 2/1 each side. But appraisal is coming in short over 15k. With the difference, i'm looking at roughly 8% CoC return. I can get better deals, but I do like the area. Are other investors experiencing same thing? Given the competition, are you experiencing appraisals coming in short and just covering difference or walking on it?

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