The information contained in this post is not to be relied upon. 

The information contained in this post is not to be relied upon.

It's like a ponzi scheme but you're involving an adult that literally has no cash or asset to his or her name.

The information contained in this post is not to be relied upon.

Do not rely on it for legal advice.

Appraisers often rely on comparables, so showing them properties with similar square footage and added living space may help justify the value.Get Another Appraisal: If possible, you could request another appraisal or hire an appraiser that specializes in valuing homes with finished basements or unique features.

Don’t rely on wholesalers to run numbers for you.

Definitely want an attorney on your side reviewing the purchase and sale agreement and just not rely on a buyers agent.

They also did the STR model while househacking and are doing well.It can be done, but you may need to get a bit creative with your tenants, not just relying on the LTR model.Best of luck!

At this stage, I’m planning to rely on the lender’s appraisal, though I’m concerned it may come in just above the asking price rather than capturing the property’s full potential.Has anyone encountered a similar situation?