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Updated about 9 years ago,
Low comps on appraisal
Hi I'm looking to purchase 4 multi family properties, I got an appraisal on own I own and it was very low 30,000 below tax value on a 55,000 3 unit. Only a couple cheep comps in our area, that should bring down the prices of the 4 I want to buy they only have the same couple comps to use for these also. no one can finance this with a bank selling price is higher than appraisal will be.
Any suggestions on a creative way to purchase these properties ? good cash flow properties