Kelly Layne
Small square footage - challenges?
We have a line of credit. Used this line of credit to make a full price cash offer on a 350 square foot home (cabin) sitting right off Kentucky Lake in rural Western Kentucky. We were competing with four other buyer...
Jeffrey Hayes
Best way to present repair/renovation costs to appraisers
Hello everyone. I have a house I rehabbed under contract and the appraiser is coming out in a day or 2 and I'm just wondering if anyone knows of a good template or has a generic form that works well with appraisers a...
Tony Reale
Bank appraisals
Just closed on a flip where my realtor and I estimated the ARV to be about 230K. This was about 3-4 months ago when we started negotiating. Original plan was construction loan with 20% down. At closing the bank tol...
Brian Buckley
Guarantee Appraisal
I read a lot about houses appraising correctly after rehabs. If you purchase a property much lower than the market is averaging how do you ensure it will appraise with the rest of the market after rehab. I'm referri...
Paul Welden
FHA Issues Temporary Partial Wavier of Appraisal Requirements
Today, the Federal Housing Administration (FHA) issued a Temporary Partial Waiver to parts of the Single Family Housing Policy Handbook
4000.1 (Handbook 4000.1), Section II.D.4.c.iii.(F)(2): FHA Appraisal Requirement...
Tom Camarda
Thank You BP!
Just wanted to share a little victory that I owe to BP and specifically to the info gleaned from Podcast (#7) with Ryan Lundquist on appraisals: We are currently applying for a HELOC on our home here in Los Angeles. ...
Scott Trench
Getting Re-Appraised - What can I do to Maximize the Appraised Value of My Property?
Hi everyone,Thus far, my first investment has gone well (fingers crossed). I've got a wonderful tenant in the other side, a safe, stable place to live, and in a wonderful surprise, prices in the neighborhood have ris...
Tyler Haskell
BRRRR strategy: A Love Hate Relationship
Does anyone else see the same major flaw of the mystical BRRR strategy?
At the end of the day, arguably the most important element or phase of the BRRR process is the refinance to get your exit money. And the appraisa...
Hemal Patel
Inconsistency in sq ft area b/w county tax and appraisal records
Hello experts,
We are under contract for a SFH that's posted as 2380 sq. ft. The tax documents recorded in the county also states this as 2380 sq ft. However, in the appraisal report, the appraiser, who went in perso...
Mike Schorah
Why are as-is appraisals always so high?
It’s like they’re using the cheapest materials (not accounting for the continuing skyrocketing costs) and having illegal undocumented workers come in and magically get the work done in record time.
All that time, ef...