Private Lending & Conventional Mortgage Advice
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 over 3 years ago,
What to do when selling and there’s a low appraisal
Hi we are looking to sell to our current tenants and they are getting an FHA loan. The appraisal came in $30k under the agreed upon price. The price we agreed to was what OpenDoor had already offered us so we could always go with them however we want to help out the tenant. Any recommendations on how to overcome the $30k? They don't have that much in the bank. I was thinking maybe we act as the bank and provide a second note? Or maybe do a formal private loan uncollateralized? Looking for other recommendations. Thanks in advance