BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
How to push back on a out-of-whack appraisal reports
Hi all,
I am trying to refi two of my BRRR projects in Anaheim, CA and Huntington Beach, CA. The lender charged $650 per to "independent" appraisals. I can't believe the results - these are SFRs appraised at least 8% below what the market conditions would warrant. These are rehabbed properties. The operating income statement done by the appraiser also show unreasonable vacancies (mind you that both of them are on 1 yr and 2 yr lease agreements which were shared with the lender).
How do I push back?