Appraisal came back lower than expected. What to do?

[Paul DeSilva]

Hi BP family,

SO.... I'm getting ready to close on a seven family property in a few weeks, the inspection went well but the appraisal came in lower than I expected. The bank is still offering financing but I'm wondering if I am overpaying. Some feedback is much appreciated.  The purchase price is $360,000 and the appraisal came in at $350,000.  I know about the 70% rule and realize that there will be minor repairs. All that said the property still cash flows and it fits my criteria. Here is the property analysis.

Thanks,

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