BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 3 months ago on . Most recent reply
Appraisal before rehab
Hello everyone,
I'm brand new here. I'm starting my first BRRRR project and just closed on a property using cash. Since I bought cash, I didn't get an appraisal. Is it a good idea to get an appraisal before AND after the rehab/refinance stage? What do you guys think?
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Jonathan Greene
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Jonathan Greene
#5 Starting Out Contributor
Professional Services
Pro Member
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
Why would you spend the money on an appraisal now? You should have a good idea of what it's worth based on what you paid and the comps you looked at before you closed. I don't see why it would make sense.
- Jonathan Greene
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