Updated about 9 years ago on . Most recent reply
Need a higher appraisal on refi
I recently purchased my first investment house using a hard money loan. I am planning on using the BRRR strategy to continue to build a portfolio. SO many mistakes were made but I have also learned so much and had a lot of fun going through the process. The issue I'm going through right now while going through the refi process is that the appraisal for the refi loan came in $9,000 lower than the initial ARV appraisal did. I'm not sure how this happened but my lender and I are going to try to fight it to get it higher so I'm not so much out of pocket on the refi. Just wondering if anyone else has been through this or has any advice on what I can do to get this appraisal higher.