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Updated over 4 years ago,

Thomas Mitchell's profile image
Thomas Mitchell's profile image
Thomas Mitchell
  • Member since Apr 26, 2020
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Thomas Mitchell's profile image
Thomas Mitchell's profile image
Thomas Mitchell
  • Member since Apr 26, 2020
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Thomas Mitchell
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4
Posts
Multi-Family and Apartment Investing

Low appraisal on 6 plex

Thomas Mitchell
Posted

Hi everyone. First time post here. We found a 6 plex in our area that meets most of our cash flow requirements with about a 12% COC return. Problem is the appraisal came in much lower than the asking price of $360k. What are some options? Do we put more down? Walk away? Thanks in advance. Love the bigger pockets community.

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