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19 July 2024 | 5 replies
An appraiser can testify as to the before and after values, assuming you can tell him what was done.
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20 July 2024 | 13 replies
I have a great lender locally that is a pleasure to work with, but ran into a situation recently that involved an unfavorable appraisal.
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20 July 2024 | 16 replies
Would that also mean that the bank's appraisal for a mortgage would be way above actual value?
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19 July 2024 | 7 replies
Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days.
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19 July 2024 | 8 replies
Contingencies for fourplex properties include inspection, financing, appraisal, rental income, and pest inspection.
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18 July 2024 | 4 replies
In its current condition, I believe it would appraise for 160-170 and after updating the house cosmetically, probably 180 or more if I had to guess.
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19 July 2024 | 2 replies
The seller was a foreign landlord who was behind on a few years of taxes, and the property was in C5 condition at the time of initial appraisal.
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18 July 2024 | 7 replies
In its current condition, I believe it would appraise for 160-170 and after updating the house cosmetically, probably 180 or more if I had to guess.
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20 July 2024 | 22 replies
If you want to keep the property as a rental, you can pull cash out on the new appraised value with a DSCR refinance loan if it's been 3 months since when you last purchased or financed.
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18 July 2024 | 11 replies
General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.