Mark Gomez
Rent vs Sell a paid off home
24 January 2025 | 9 replies
The house, in the condition it is in, is currently appraising at about 350k.
John Williams
Private Money Lending Gone Bad
16 January 2025 | 15 replies
DOM is creeping up, properties are sitting, and appraisals are not coming in where the borrower expected.
Daniel Hartz
Trying to refi out of a bridge loan on a SFR with tenant
15 January 2025 | 10 replies
The last appraisal from September of 2023 was before it had a tenant and came in at $165,000.
Ryan Broschard
Property Tax Increase - Fort Mill, SC (Lancaster County)
23 January 2025 | 2 replies
Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.
Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
Assuming you used financing, i'm assuming it appraised?
Cosmo DePinto
Section 8 and DSSCR Loans
29 January 2025 | 5 replies
Typically lenders will use the total rent being collect or the market rent given on your appraisal, which ever is lower.
India H.
1st time REI ready to make first purchase!
16 January 2025 | 10 replies
Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?
Taylor Jernigan
Best place to find actual private money lenders and not brokers?
23 January 2025 | 3 replies
They also know about real estate so less likely to charge you extra fees to get an appraisal or BPO because they can estimate the value themselves.
Katie Flynn
HELOC on Investment Property (NY)
21 January 2025 | 3 replies
I would like to make some updates to the house which was recently appraised for 780k.