All Forum Posts by: Jacob Albright

@Bronson Massas thanks for the help. I got ahold of the appraiser and he said they couldn’t add the mother in law suite do to the zoning. Which it does have its own address and utilities. I’m going to call the city to see what needs to be done. Thanks for the help again! I’ll let you know what happens.

@Bronson Massas thank you! So next question when I go to sell it’s not going to appraise for the numbers I had calculated, and it has to appraise for what it sells for right? What do you think I should do in this situation?

Hi I’m still new and learning as much as possible. We bought a fix and flip for 78000. It has two house on the property one is a mother in law suite. We fixed this one up and put 23000 into it, it was pretty bad. Wanted to get some of that cash back to fix the main house up next so I refinanced for cash. The appraisal just came back and was saying the house is only worth 84000. It’s seems like they compared only houses that looked like the main house and didn’t go off of anything for the mother in law suite. I’m just wondering if anyone has ever ran into this and why fixing up the mother in law suite wouldn’t add any value. Thanks for the help everyone!