Updated 3 months ago on . Most recent reply
Appraisal for refinance
Recently had appraisal done the yielded a result way lower than I anticipated. Bought a duplex in ultra rural area for 80k renovated the property placed two tenants for a total rent of 1625 a month. The appraisal came back at 108k I was expecting it to come back higher. The plan was to refinance this property to pay off the debt we had occurred buying and renovating. There are two options that I can see stick with this appraisal and continue with this refinance or order another appraisal. The later does not seem ideal to me. Is there any other options or recommendations that you all might have?