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25 February 2020 | 3 replies
We are going conventional with no inspections (outside of the bank appraisal).
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27 February 2020 | 2 replies
My business partner became president of the HOA, and we just refinanced into a 10-year note for which the property appraised for 2x our purchase price.
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25 February 2020 | 2 replies
Do due diligence, inspections, appraisals, etc.8.
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21 January 2022 | 102 replies
I just got the appraisal back last week at $40,000!!
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25 February 2020 | 4 replies
The biggest issue will be the need to turn on the utilities for the appraisal along with the inability to do any lender required repairs prior to closing as HUD does not allow this.
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16 March 2020 | 12 replies
The 2-4 unit building are still considered residential and are appraised using comps which tend to be harder to find. 5+ multi family on the other hand are appraised using their "economic" value which basically uses the NOI and cap-rate.
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29 February 2020 | 11 replies
I assume they just dont want someone having to go the the bank and start the HELOC process as that takes time and most likely introduce contingencies (property has to appraise to get HELOC).
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29 February 2020 | 6 replies
THE INFORMATION CONTAINED WITHIN THIS ANALYSIS SHOULD NOT BE COSTRUED IN ANY WAY AS AN APPRAISAL.
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28 February 2020 | 0 replies
We all deal with appraisals.