All Forum Posts by: Yinon Estikangi

@Yinon Estikangi - On my BRRRs I've been asked by most appraiser for the rent amount and sometimes asked by the bank for a copy of the lease. My ideal time to have an appraisal complete is post renovation of the house, but BEFORE the tenant moves in. In that manner, the house looks very updated, but also clean and well kept. I try to put my best foot forward with the appraiser. I also use a 1-2 page document ready for the appraiser to share with them what has been done/completed on the house as well as a few "example properties" (aka comps) that I modeled the rehab after. Good Luck!

Thanks Greg. Great insights.

When you say that you share with the appraiser some comps, are you referring to other post-rehab properties in the area, with similar rehab outcomes? How in your opinion does this affect the appraisers result?

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Hello fellow BP'ers!

When refinancing, do you normally have a tenant in place before the appraisal, or refinance while the property is still vacant? I understand this may have an affect on the appraisal. In your experience, does one approach lead to better appraisals, loan terms, or overall outcomes? Would love to hear your insights!

3 Votes

All Forum Posts by: Yinon Estikangi

Yinon Estikangi has started 1 posts and replied 2 times.

Post: Renting out on BRRRR

Post: Renting out on BRRRR