All Forum Posts by: Leo Don

Hello BP,

Just wondering how many times can I house hack multi family properties? When will a bank stop giving me loan for OOC property? Please share your experience. I already have a establish relationship with my banker. Just want to hear other experiences. 

I greatly appreciate it !

@Stuart Birdsong

Yes I agree with you and I just seeing what other member tried to do to protect themselves from appraisal problems. Thanks I appreciate it 

@Wayne Brooks

I'm actually trying to offer under fmv but some times it seems like apprasors does calculation that my agent and myself can't understand so I'm trying see my options. I'm trying to be pro active and trying to prepare for the worst.

@Wayne Brooks

Is there something else you would recommend in order to get recompensated? Or any other way to build some leverage on this matter? 

Thanks 

@George Hermann

I think is very reasonable because I'll be putting so much time and money into so atleast the seller can understand it. I think it's a very fair since I'll be a serious buyer.  Please pm or let me know how to make it more efficient. 

Thanks 

@Andrew Syrios

I see but I am looking to purchase a property and just trying to mr proactive because I'm thinking about consulting my lawyer to put a clause in the contract before I send me offer in order to get my appraisal money back if the seller don't budge. I am very sure that if the appraisal comes low I will walk because in the real estate I have to make my profit when I buy.

Thanks Andrew  

hello BP, 

I am just curious to know how to structure a contact in order to protect yourself from low appraisal and also how to make seller responsible for fees associated with the appraisal cost in case they don't want to agree to adjust the price. 

I am aware as a buyer you can alway walk but however the appraisal cost that a buyer paid for an appraisal is there anyway to get recompensated for it?

Thanks for any inputs. 

@Bill R.

I am also in the new haven market. I would really appreciate if we can network. Thanks 

@Jerry Padilla

Thanks for this information I learned a few thing I didn't know before. I would really appreciate if we can connect on this matter. Thanks 

Great info..I appreciate learning something new as investor. Thanks @Ray Addison II