Updated over 6 years ago on . Most recent reply
Will banks accept an NOI appraisal on a 4 unit
I am trying to acquire a 4 unit property and the bank is telling me they won't accept the NOI appraisal method only the comparable method. There aren't a lot of 4 units in my area so the comparable method is not reliable. Are banks not accepting the NOI method or is it just the lender I'm working with?