Hey BP,What happens when an appraisal is higher or lower than the purchase price?Lets say you put in an offer for a house at $200k, and it gets accepted. Once the appraisal is complete, the value is now $150k. What ex...

I  have a property that I am rehabbing and  I  am  considering putting in Baseboard  Electric Heat  as opposed  to HVAC for  cost cutting  but I am hesitant because I have  a feeling I  will receive a  substantially l...

I have a question about the seemingly subjective nature of appraisals. As I previously mentioned, I got a good deal on my personal residence, renovated it, and plan to realize a profit when I sell. I recently spoke ...

Okay so I have the basic wholesaling steps down.

1.Find a Property
2.Put it under contract using a PSA
3.Get it inspected
4.Get rehab estimate
5.Calculate the gross income (rent)
6.Calculate the PITI
7.Get the estima...

So I am selling my house. It was a brand new house built in 2019 even though they say 2018(probably the year they submitted for permits) but have all the paperwork to show 2019. 
I originally listed as a FBO at 290 b...

HiI have a four plex in Ohio its net profit is around 17k a year. I'm currently trying to refi/cash out . The problem I'm having is since it's a four plex it gets appraised as a residential property.  Therefore the ap...

Would it be way too weird or inappropriate to take the appraiser out to lunch to pick his brain about what would make the biggest impact on the ARV?

The role of the Appraiser is an odd one: Way too much art (opinions) and way too little science (data-analytics), with way, way, way too little accountability. While the world embraces tech tools to automate workflow...

If a property appraises for less than the asking price, will a bank still loan the asking price? Asking 220k.Appraised 2 years ago at 208k. Great credit. Fha loan.4 unit primary residence.

Hi -
My wife and I bought a 2700 square foot house (living space) in June of 2019 for $235k in Greensboro, NC (Zip Code:27410). About 1000 SF of that was a below grade, walk-out basement that was in really rough shap...