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Updated over 3 years ago on . Most recent reply
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Appraisal for cash out refi during end stages of turnover
I am in a rush to do a cash-out refi on a particular Florida property I have. Currently, the 2-unit has one unit rented and one unit in an extensive turnover with several new appliances being installed. The rented unit has some issues with the kitchen cabinets but is otherwise in decent shape, the cabinets are set to be replaced in a month or two.
Comps in the area are higher than I expected, should I wait to order the appraisal till after all work is done?