Updated about 6 years ago on . Most recent reply
Can I BRRR without significant repairs?
Suppose I can buy a deal for all in 70k where the place is in great condition, and doesn't need any significant repairs (say all it needs is a paint job), suppose im fairly confident that the place will has good comps for 100k. Would the bank still appraise it at 100k based on comps? Or would it see that I bought for 70k did no work, and just assume I bought it at fair market value