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Updated over 7 years ago on . Most recent reply

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Sean Autry
  • CPA
  • Pasadena, CA
46
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Forcing Some Appreciation

Sean Autry
  • CPA
  • Pasadena, CA
Posted
Has anyone here ever hired an appraiser JUST to get their input on what they can do to force appreciation? Im trying to get a HELOC on a rental property, but the desktop appraisal came in too low. I'm thinking of consulting with an appraiser just to find out what I can do to the property to force some appreciation. Has anyone else done this?

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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

The heloc might be applicable for the SFR, but forced appreciation is highly related to a MFU(5+) where the evaluation is on the GSI the property generates.

As soon as you see a margin between FMR in the area and your actual rents, the simple act of increasing rents FORCES a new evaluation value for the property. An inference from this is the added-value approach is not forcing value - - the rent changes do that without Capex expense.

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