All Forum Posts by: Brittany Smith

Help! Anyone have recommendations for bank, credit union, ect. That is still offering 80% LTV? Best we can find is 75%. We have had property for 6 months. Would prefer to keep property in business name. Thank you

@Caroline Gerardo I bought the property with tenants in each building. We kept the house tenants and removed the garage tenant for renovations. The house is listed as a 4/2 and the sqft of combined properties. That would be OK too if they viewed it as one large property and aprased it as such. With research the county considers it a additional Dwelling Unit. I'm not sure how those are aprased or what the formula for an adu aprasal looks like.

@Kelly Githens garage is considered an ADU or additional Dwelling Unit. It is zoned as such. My question is how is an adu appraised? I have not found other comps outside of multifamily buildings. But I'm not sure that is a far comparison since I have two separate houses each with their own fennced yard. I have read adus are appraised differently but I'm not sure that that difference is.

How is aprasal done with two houses on one property. First house is the original and is a 2/1. Second house is a two story garage that was converted into living quarters and just recently remodeled 2/1. The houses are divided by a yard with a fence in the middle. Both are being used as rentals. There are no similar comps for this specific property type. How would a appraisal be done for this property?

@Don Konipo interesting. Thank you

@Melissa Robbins yes very thanks

How would you invest in a area with the knowledge that a luxury apartment complex is scheduled to be built? How can you take advantage of this new construction?

@Jaron Walling thanks for the feed back

@Chris Webb thanks for you feedback I will look at those forum

Thoughts, are we about to experience a correction or a recession? We are seeing things cool off in the market with the rise of interest rates. Instead of 10buyers you might only have 5. We have a two door brrrr property we are expecting to refi in less than 6 months we have the wiggle room on our numbers and exit strategies. I'm curious about theories and time lines as far as a correction/recession is concerned.