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Updated almost 5 years ago, 03/11/2020

User Stats

68
Posts
11
Votes
Tato Corcoran
  • Investor
  • Milwaukee, WI
11
Votes |
68
Posts

Should i get an appraisal to help me decide whether i flip/BRRR?

Tato Corcoran
  • Investor
  • Milwaukee, WI
Posted

Hi all!

I bought a property in the Wauwatosa area of WI (just outside of Milwaukee, WI).

It was a total fixer-upper when i bought it, and I'm now a few weeks into my rehab (hopefully done before May 1). I'm debating whether to flip or BRRR. I honestly don't know what an appraisal would come out to. I have a feeling I know pretty well what I could get if I flip (sell).

Is it worth paying an appraiser to come out so that I can gauge what a bank May appraise the property at and therefore help me decide between flip or BRRR?

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