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Updated about 5 years ago on . Most recent reply

Lewis Kutschbach's profile image
Lewis Kutschbach's profile image
Lewis Kutschbach
  • Rental Property Investor
  • from Albuquerque, New Mexico
  • Member since Jul 4, 2017

User Stats

8
Posts
0
Votes
Lewis Kutschbach's profile image
Lewis Kutschbach's profile image
Lewis Kutschbach
  • Rental Property Investor
  • from Albuquerque, New Mexico
  • Member since Jul 4, 2017
Lewis Kutschbach
  • Rental Property Investor
  • Albuquerque, NM
0
Votes |
8
Posts
General Real Estate Investing

How To Get Home Appraisal Again

Lewis Kutschbach
  • Rental Property Investor
  • Albuquerque, NM
Posted

Hey Everybody,

I have a basic question. I'm new to real estate investing. In the near future I plan on buying a distressed single family home via FHA loan and renting out the bedrooms.

My question is once I renovate the home and forcibly appreciate the home value so I have at least 20% equity, how do I get the bank to re-appraise the home and remove the PMI I have to pay?

I know this is a basic question, but like I said earlier I’m new to this! Any tips would be greatly appreciated!

Thanks

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