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Updated about 1 year ago,

User Stats

29
Posts
10
Votes
Cole Puterbaugh
Pro Member
10
Votes |
29
Posts

3-unit mfh severely underappraised

Cole Puterbaugh
Pro Member
Posted

Under contract for a 3-unit mfr in Cleveland. My first purchase. 

Purchase price is 177K.

Appraisal is 138K.

I cannot make up the difference with cash since I'm already at the top end of my purchasing ability.

Is ordering another appraisal worth it? Comps in the area seem to support the appraised value...

  • Cole Puterbaugh
  • Loading replies...