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Updated over 5 years ago on . Most recent reply
Will two empty units in a Triplex affect my appraisal for a refi?
Hey BP Masters as my title says, I'm about to apply for a Cash out Refi. I unexpectedly had two tenants break the lease and move out. I'm using this opportunity to "freshen up" the apartments and I'm sure they will rent within a week or two but I'm just wondering if having an empty apartment would dock my refi appraisal?
Thanks in advance!
Most Popular Reply

I would assume yes since they will use the income from the units as proof of the value of the rental and possibly as income to help you qualify
I would get them stabalized then do the refi