General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
So how to get past the 50k appraisal fee
So, I am looking at a SFR bundle that cash flows well, however the lender needs to get some value on the deal. the problem is from my basic comps, and square foot prices etc it is very close to being a "no go" situation for the lender.
Problem is. I have to spend 50k on SFR appraisals to get to the step that the lender will say yes.
How do you guys get around putting down that type of cash when you don't even know what the answer is going to be. And in my situation it's really close so I feel it could fall the wrong way really easily.
Please advise any smart way to play this.