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Updated over 4 years ago on . Most recent reply

Kevin Diesel's profile image
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Kevin Diesel
  • from Philadelphia, PA
  • Member since Aug 21, 2020
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Kevin Diesel
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Kevin Diesel
  • Philadelphia, PA
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General Real Estate Investing

Would raising the rent by $200 help getting a higher appraisal?

Kevin Diesel
  • Philadelphia, PA
Posted

Hello! I was wondering if raising the rent would help getting a better appraisal value when times comes to cash out / refi your investment property.

If I was to charge $200/month more, would it make any difference?

Thank you

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Wayne Brooks
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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No, 1-4 units are appraised based on comparable sales, not income. 

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