All Forum Posts by: Tyler Dietrich

@Tyler Dietrich If you’re buying property that is worth more than you paid for it, the appraiser cannot easily appraise it at market value, unless you do improvements, or wait for 6+ months. The appraiser needs a valid reason on what brings the property back to market value under the appraisal guidelines. This industry is more about knowing the mechanics and rules of appraisals, lending, taxes deprecation, and other processes to create value, more than anything else.

It’s rather simple, if the deal is really worth more than your paying, and requires no improvements, then you just wait 12 months (season the property), and refi at at market value. If you can’t make that happen, then likely your thesis is wrong about its value.