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How To Get Home Appraisal Again
Hey Everybody,
I have a basic question. I'm new to real estate investing. In the near future I plan on buying a distressed single family home via FHA loan and renting out the bedrooms.
My question is once I renovate the home and forcibly appreciate the home value so I have at least 20% equity, how do I get the bank to re-appraise the home and remove the PMI I have to pay?
I know this is a basic question, but like I said earlier I’m new to this! Any tips would be greatly appreciated!
Thanks