My first BRRRR property - getting top appraisal value

[Kyle Scelza]

I have just completed rehab on my first BRRRR property. Tenant moves in beginning of March. I purchased through traditional bank financing and have to wait 6 months until I can refinance. My tenant will be living in the property for 4 months prior to the refinance. I screened the tenant as I do for all of my rentals and made the tenant decision with the refinance in mind. Curious if anyone has suggestions to ensure tenant keeps the place in top appraisal value through the loan seasonal time frame?

[Jeff Copeland]

People don't do what you EXpect, they do what you INspect. 

Schedule a walk through with the tenant a couple of weeks before the appraisal to make sure everything is good. 

Also, not all lenders require 6 months of seasoning. If you definitely have enough equity and want to refi sooner, shop around.