Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

71
Posts
7
Votes
Greg W.
  • Chicago, IL
7
Votes |
71
Posts

tips for good appraisal in bad neighborhood

Greg W.
  • Chicago, IL
Posted

hi-i had 6 properties ( 4plex, 2 duplexes and 3 sfhs all close together) on contract that I believe I received a good deal on. Only half of the units were rented and a few were in bad shape. I put in a lot of work and money to get units renovated and rented out. Now I have been approved for a blanket /commercial loan and lender has ordered appraisals. My goal is to pay seller off and capture equity but I am worried about where appraisals will come in at. In this neighborhood there's many foreclosures or properties that need work selling for less than I want mine to appraise for. Also I worry that appraiser will try to come contract price. Any tips for good appraisals?

Thanks

Loading replies...