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Updated over 6 years ago,

Frankie Woods's profile image
Frankie Woods's profile image
Frankie Woods
  • Investor
  • from Arlington, Virginia
  • Member since Oct 25, 2012
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1,285
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Frankie Woods's profile image
Frankie Woods's profile image
Frankie Woods
  • Investor
  • from Arlington, Virginia
  • Member since Oct 25, 2012
Connect
Frankie Woods
  • Investor
  • Arlington, VA
491
Votes |
1,285
Posts
General Real Estate Investing

Appraisal came in low...now what?

Frankie Woods
  • Investor
  • Arlington, VA
Posted

I have three rental properties in STL that I purchased back in 2015. I wanted to finally attempt the BRRRR strategy and perform a cash-out refi. However, the appraisal came back $20k below what I see as market value. This puts me at about 60% LTV currently. What should I do? Chuck it up to a bad purchase? Hire another appraisal?

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