BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago on . Most recent reply
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Maximise Appraisal Value
Hey BP friends,
I'm about to close on a property in CA which I'll be using for AirBnB. My partners and I bought it all cash and, before we refi, we want to do what we can to maximize the appraisal. The market is hot, but never too hot to try a BRRRR.
I'm looking for advice on how to determine our options for optimally increasing appraisal value. If $20k for a new kitchen would raise the refi appraisal by $35k, it might just be worth it! Especially given the short term rental strategy.
Thanks,
Mark