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All Forum Posts by: Bart Sklar

Bart Sklar has started 15 posts and replied 41 times.

Post: Refinance appraisal on Duplex came in way too low in Camden Nj

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Arron,

That's the problem as most are SFR in area and the appraier used comps that are vacant and beat up.

Any other ideas?

Thanks very much!

Bart

Post: Refinance appraisal on Duplex came in way too low in Camden Nj

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Hey Frank,

Gotta start somewhere.

“The secret of getting ahead is getting started.”
– Mark Twain

Don't you?

Post: Refinance appraisal on Duplex came in way too low in Camden Nj

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Hi Nelly,

The duplex is in Parkside, a few blocks from new High School. Occupied fully with paying tenants!

Thanks

Post: Refinance appraisal on Duplex came in way too low in Camden Nj

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Hello,

We have a duplex in Camden NJ.

We are trying to cash out refi., to BRRRR

Duplex worth about 125K and appraisal came in at 85K.

New Rehabs across st and next door , as well as the street behind us, which they are building a brand new home.

Any help appreciated ! How can we fight this?

Thanks very much !

Post: Pre- approval or pre-qualified before shopping for investment

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Thanks Steve, will do!

Should we get some kind of approval before looking for houses?

Thanks

Post: Pre- approval or pre-qualified before shopping for investment

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Hello,

Should we get some kind of approval before looking for houses?

Thanks

Post: Pre- approval or pre-qualified before shopping for investment

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Looking for investment properties , should we get some kind of approval before going out to look?

Post: If my REFI doesnt turn out to be enough

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

thanks, yes I am doing the brrrr strategy. Do you have any idea which gap funding would be best for this situation?

Post: If my REFI doesnt turn out to be enough

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

If I don't get enough money from my REFI to buy another house, where do I go from there? 

Thank you very much

Post: LIne of Credit or Heloc

Bart SklarPosted
  • Investor
  • Cherry Hill, NJ
  • Posts 45
  • Votes 1

Hello,

I own 1/2 of a commercial property in Phila. and need cash for down money on a multi-family purchase 75-100K. I get $4500 a month rent, any ideas? Property is worth approx 1.3-1.5 Mil.

Thanks