Annie Hale
What to do if buying a house that has contingency on appraisal?
I’m new to this group and could use some advice. I am self-representing in the purchase of a rental house in AZ. The appraiser hired by the lender stated that she smelled mold and the appraisal is contingent on mold i...
Mark Yesa
How to appraised a 2 house in 1 parcel, in Seattle WA
Hello BP family I need your help, I have a property under contract, it has 2 rental home that build in one lot, its located in Seattle, 98146, main home has 4 bed and 2 bath, 2200sqft 2nd home 2 bed 2 bath 2000...
Andrew Sampino
Bought a house to rehab and rent but appraisal came in low.
My brother recently bought a house in Conroe, Texas. Single family rental in nice condition, it only needed about $6000 in repairs. He got a hard money loan for 152k to finance the property and repairs. The original a...
Bruce Clark
Reduce appraisal costs on deal with 3 of the exact same house?
I just signed a contract to buy three houses. These houses are literally exactly the same and they are all right next to each other on the same street. Literally, the only difference in these houses is the outside tri...
Evan Rochford
Does an appraiser count a detached guest house as part of value?
Converting a 2 car detached garage into a guest house. After it is done is it possible to get a cash out refinance for the added value to use the money towards another project? Will the appraiser count any of the rem...
Bienes Raices
When the county appraiser has the wrong # of rooms for a house
Usually when this happens in my area, it's because the current owner did an unpermitted garage conversion, but sometimes I see houses where the information is just wrong for no apparent reason (always less rooms than ...
Lisha Xie
Who has to turn the utility on in foreclosure house for appraisal?
Hi I'm new in this forum and this is my first purchase of foreclosure. The house under contract doesn't have gas connected. Is it the seller/bank or my responsibility to turn the gas on for appraisal purpose? I tried ...
David G.
Finding an Investor Friendly Contractor In LA is Impossible?
Hi GuysAfter 7 years of doing Airbnb; here is my next move.HOUSE HACK
Get a rehab loan (Fannie Mae Homestyle at 20% down) to buy, rehab, and live in a beautiful SFH pool home in LA County. Preferably Woodland Hills o...
Katie K.
New member! Looking to invest in WV, PA, & MD
Hi everyone!My name is Katie, and I'm from Morgantown, West Virginia. From the information I've gathered so far, I've decided to focus on rentals. While researching REI, I of course came across the BP podcast and thei...
Chris Allard
Mortgaging a home for 75% loan to value question
I'm sure this question has been asked a million times on this site, but I could not find it through the all the posts on BP. I have bought a home for all cash under Market Value through my corporation (lets say 170K),...