In this case, you will want to be proactive in assisting the refi appraiser with their selection of comps and appropriate appraisal adjustments, using your expert knowledge of your farm area (unfortunately, the reality is that the appraiser may be from another area and not be particularly familiar with your neighborhood).

actually im looking to wholesale it. the property doesn't need any work beside whatever changes the new owner would make. the 2 bedroom pulls in 1100 a month. the owner lived in the 3 bedroom but is currently moving out. i estimate you can get 1400-1500 on the 3 bedroom and another 800-900 on the one bedroom. i was also thinking you can rent each room separately to college students for $700 a room. marist college and the culinary are less than a mile away from the house, with vassar college and dutchess community college with in the city as well. there is a lot of room for profit in this home either way you go with it. safe neighborhood and great neighbors close to entertainment and the local post office as well as the hudson walkway and river. both hospital are a few minutes away along with the malls and good selection of gyms and restaurants and churches.

Hi Fellow Investor.My name is Kelvin, located in Northern California.I do private lending on residential properties, only partner with experienced investors.Also a multifamily investor, my partners and I purchase properties all over US in the selected growth market.It's good to be part of the Bigger Pockets community.Thank you.Regards,Kelvin

I have selected the areas I would like begin my investing.

I have selected the areas I would like begin my investing.

My criteria for this mailing is select zips in Maricopa county, AZ, absentee SFH with 70+% equity.

Welcome to the BP family; You selected the right forumn to become involved with.

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

To @ mention, when you start typing the name after the @ sign, a drop down should appear and then you must select the person you are trying to mention.As far as the original question, I agree, if it has been listed for $130k several times over 5 years and no takers, and it is in mint condition, then it is NOT worth $130k let alone more.What is your intentions with this property?

So, that brings us to selective enforcement.