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29 October 2024 | 33 replies
I am arriving at this conclusion because the appraisals relied upon for the BRRRR method in these lower tier neighborhoods rarely equate to actual results in an arms length transaction.
28 October 2024 | 1 reply
And if I sell it why does it make more sense in the long run, and at what price should I sell it for if it’s appraised for less than I bought it with current market.
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7 November 2024 | 45 replies
Plus it helps with appraisals.
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31 October 2024 | 19 replies
Be careful with that BRRR stuff.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.Most service providers net worth is under 500-1M net worth and I just did not feel comfortable working with them because they would screw me over when I wire over 30-50k checks to do work.
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29 October 2024 | 5 replies
Tough part with VA loans is they are still similar to FHA loans and can be a more strict appraisal process.
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27 October 2024 | 1 reply
If so, how are they appraised?
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31 October 2024 | 17 replies
My house was appraised nine years ago at $95,000.
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28 October 2024 | 8 replies
We've done DSCR deals sub $100K as long as the appraised value comes in at $75K or higher.
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28 October 2024 | 4 replies
You don't have an option period, no financing contingency or appraisal contingency.
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31 October 2024 | 17 replies
(horrendously low appraisals don't count!)