John Michael
When House Doesn't Appraise High Enough
Hi I'm new to the BP community. I would like to understand the process when you've bought a property either a rental investment property or primary residence, and the house doesn't appraise for the value of what you a...
Mick Murray
Appraisals in a slowing housing market?
My wife and I are just about to pull the trigger on our first BRRRR. I'm hesitant to use comps from this summer, however, to calculate ARV as that timeframe represents a different landscape in the home buying market....
Jack Browning
Appraising a 4-Plex House Hack
Hello All,Last fall I took the plunge and purchased a 4-unit Multifamily in New Rochelle, NY. I was able to get a very competitive price from the seller, who had been promoted at work, and no longer had time to manage...
Madison Balter
re-appraising house prior to refinancing
Hello BP,
I have owned a duplex since April 2019 in Long Beach, and I wanted to refinance now to get out of my PMI. I bought the house for 445 and it appraised to 520. I was shocked because I completely flipped th...
Tomas Lam
Listing Square Footage V.S Appraisals Footage
I am in the process of closing on a duplex and I am reviewing the home Appraisals and notice that living space square footage is 1809 sqft and not 2263 sqft as listed (454 sqft less). I am in California and the market...
Jacob Northfield
Unexpected repairs after FHA appraisal
Hi everyone,I'm under contract and about to close on a duplex. The offer had an inspection contingency, the property was inspected, repairs were made, and the contingency was removed. We then had the house appraised w...
Jordan Johnson
Trouble with down payment and closing costs
My fiancé and I are buying our first house that will be our primary residence for a couple years then we will rent it. We negotiated with the seller and got the price where we needed it and we have been super excited....
Steven Mitchell
wildly different appraisals
Thought about buying a house to rehab. Wanted to do it right so got an appraisal. House appraised ARV 635kHouse was done. Time to get a mortgage. House appraised for 561k. We didnt really care, that could be chal...
Andrew Kilgore
Info/advice on my first deal. Looking to scale.
Hello all! I am a 23 year old male, and I am looking for advice or info on my first deal. I am under contract to buy a 2 bed 1 bath home that is move in ready. I am purchasing for $54,900, and the house appraised for ...
Kenny Johnson
Bank loan or private investors
Hello Friends of BP,
My name is Kenny and I'm looking to close on a property that I have under contract by Nov 1. I have a couple of options with bank lenders, but was instructed to try and buy this property in cash ...