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Updated almost 6 years ago,
Will banks accept an NOI appraisal on a 4 unit
I am trying to acquire a 4 unit property and the bank is telling me they won't accept the NOI appraisal method only the comparable method. There aren't a lot of 4 units in my area so the comparable method is not reliable. Are banks not accepting the NOI method or is it just the lender I'm working with?