Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

57
Posts
8
Votes
Richard Arden
  • New London CT
8
Votes |
57
Posts

HELOC Apraisal Tricks and Tips?

Richard Arden
  • New London CT
Posted

I applied for my first HELOC today.

It's for my house hacked property and the first step is the appraisal.

I am a firm believer the some investors can be extremely annoying and demanding to others compared to home owners. I like to counter act this by being as helpful as humanly possible. What can I do to help the appraiser and to help me get the appraisal I want? I am a little nervous there are not a lot of comps in my area. They are split into 2 groups rehabbed and not. Since this is a high C class area the rehabs people use are low end. There has been 3 recently sold rehabbed property's like mine but 10 non rehabbed and the price difference is 100k. 

My thought was to provide the appraisal from the purchase (140k) followed with proof of the work I have done (new furnace, siding, heating pipe repair, cosmetics).

Attach the comps I would like to be used.

Are there any other tips or things I should do?

What should I avoid?

How should I present this without sounding condescending or making it appear as if I think they don't know how to do there job?

Loading replies...