
5 June 2021 | 63 replies
What are your options - you can go considerably up in price as a BRRR and waive inspections but if your appraisal comes back requiring repairs, you are DOA and you will be in competition with those who can close in 2 weeks cash and waive inspections if needed to get the property.

7 June 2021 | 6 replies
@Lucia Rushton I offered 2 of them a 10k appraisal waiver and another one 15k more than the asking price(without waiver).

4 June 2021 | 14 replies
This would only make sense to me if it appraised for significantly higher after your updates (which seems unlikely) so that you could do a cash-out refi or sell within a short period.FWIW, I'm concerned you are using some questionable metrics to judge what makes a good deal:Taxable value going up is bad because taxes then go up.

3 June 2021 | 2 replies
Say a house is being rehabbed to be sold as a turnkey and the seller/rehabber gives a scope of work to a bank/appraisal company to show what’s being done or going to be done.

25 October 2021 | 3 replies
Appraiser assessed the ARV at $2.9m.

5 June 2021 | 16 replies
our average HML lasted 91 days.we would not make the HML unless the borrower was fully underwritten and pre approved with ARV appraisal in hand.. so then we just needed a 442 for the refi to go through.

3 June 2021 | 6 replies
Honestly, the repairs were so minor that I can't believe the appraiser called them out, but once they are called out you have to take care of them.

20 June 2021 | 4 replies
The impact on the cash flow is minor and we have no risk of refinancing issues.7: This only works this well in our super low interest rate environment and the appraisal meeting these specs (5-5.5 Cap)8: The funds are returned as a LOAN not income- and if we do it right- the investor rolls into the next one.9: Note- our model is a 30/70 We get 30% of the project putting it all together- the other 70% is what is invested.

14 June 2021 | 11 replies
Specifics:Chicago far west suburbsCurrent appraisal: $175KCurrent mortgage: $90kCredit score:800+Liquid cash on hand: $75KPersonal DTI:<20%Total DTI not including rental income:<30%I would think this is a home run.

8 June 2021 | 5 replies
My recommendation is to ask your realtor or bank for a similar appraisal report or 2 from a comp, or even a local home.