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Updated almost 5 years ago,

Jermyn Brown's profile image
Jermyn Brown's profile image
Jermyn Brown
  • Flipper/Rehabber
  • from Detroit, MI
  • Member since Jun 7, 2018
Connect

User Stats

33
Posts
17
Votes
Jermyn Brown's profile image
Jermyn Brown's profile image
Jermyn Brown
  • Flipper/Rehabber
  • from Detroit, MI
  • Member since Jun 7, 2018
Connect
Jermyn Brown
  • Flipper/Rehabber
  • Detroit, MI
17
Votes |
33
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

My appraisal came in 43K under expected Value. what should I do

Jermyn Brown
  • Flipper/Rehabber
  • Detroit, MI
Posted

I bought a house in Detroit for 31K I rehab the home for 25k looking to do the BRRRR Method I had a hard money lender that I deal with set up but their minimum is 75K. When I went to refinance the home the appraisal came back at 32K. What can I do and how do I prevent this from happening agin in the future? please help

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