Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 5 years ago,

User Stats

151
Posts
92
Votes
Andre' Arceneaux
  • Rental Property Investor
  • Orange County, CA
92
Votes |
151
Posts

Buying completed BRRRR property - value determination (??)

Andre' Arceneaux
  • Rental Property Investor
  • Orange County, CA
Posted

I am looking at a rehabbed property that was recently completed. The value I believe is overstated (of course) .. I'd like to look further and get under contract .. yet it hasn't been appraised, either, just realtor's CMA which has some area comps close, and some afar off in my own digging .. should (or could) there be an appraisal contingency in the deal, so I won't get screwed on the value?? If so .. what would be a good percentage? 5%? 8? Etc ..

Any ideas as to how to potentially proceed would be appreciated.