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Updated over 7 years ago,
My First Deal (Low Appraisal)
My wife and I got a house a little over two years ago and have been live in flipping it. Thanks to some forced and unforced appreciation we were able to come away with about a 30k profit margin. We had an offer accepted where we could have made 13k more but our appraisal came in low so we had to drop the price. I am still happy with the investment and everything we have learned along the way, but I was wondering if anyone had tips on how we could capture more profit, even with a lower appraisal, or if you are pretty much stuck when the appraisal comes in low.
Thanks!
-Kris