All Forum Posts by: Trevor Kropp

Laura, if you're contract is assignable or you wanna wholesale it I might be interested with a little more info. Private message me if that is a route you want to go.  

I wish it was but I talked to him today after i read it and he didn't say that 

The appraiser came up with the $50000 higher. The appraised price was $220,000 the income was $276000 

It doesn't get me out of the hard money loan if I put most of what I have I can cover the difference. Not worth the risk of another appraiser but the $50000 difference just seems large especially with the hot market.

Hey everyone. 

I used a hard money lender to purchase a duplex and I am trying to refinance to pay back the hard money lender. I just got my appraisal back and it is way lower than expecting. The appraiser chose to not use the income approach at all and strictly went off the sales approach even though it is a rental in a rental area. The sales approach is 50000 less than the income approach. Shouldn't they have met in the middle or what is the norm here. Looking for any advice?     

John,

Could you send me the details [email protected]

Thanks

Dan,

Could you please email me the details and how would we take a look at this property? Thanks, Trevor

[email protected]

Hello everyone,

I grew up in Fort Collins and am looking to start building rental portfolio or finding some flips but it's hard with the market as it is now. I am by no means an expert but have been working in real estate with my dad for years. Biggerpockets seems to have a great group of members willing to help so wanted to join and keep learning.

Thanks

Trevor