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Updated about 2 months ago,

User Stats

9
Posts
1
Votes
Katie Camargo
Pro Member
  • Investor
  • Fairfax, VA
1
Votes |
9
Posts

House appraised for more than expected- should I change my strategy?

Katie Camargo
Pro Member
  • Investor
  • Fairfax, VA
Posted

Looking for advice as I am a relatively new investor: I found a house with positive LTR cash flow projections and negotiated the seller to under-asking ($340k). Our plan was to use a DSCR loan to finance (25% LTV). I just received the appraisal back and the house appraised for much higher than even I expected ($407k). For those of you that are more experienced in this space, would you change your financing approach based on this new information? Appreciate the advice!

  • Katie Camargo
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