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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago,

User Stats

55
Posts
18
Votes
Luke Grieshop
  • Investor
  • Scottsdale, AZ
18
Votes |
55
Posts

Low BRRR Appraisal - How to handle?

Luke Grieshop
  • Investor
  • Scottsdale, AZ
Posted

Hey everyone! I'm in the refinancing process for a BRRRR deal I just did, and the appraisal came in much lower than my partner & I had anticipated. We felt we had 2 strong comps to justify pricing, which sold in the last few months. The appraiser used the sales comp approach with 3 properties that have no work done to them at all. Curious if anybody has suggestions on how to handle this? Is there a way to appeal the appraisal or something along those lines?

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