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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceApraisal value on flips
Lamar Dixon's profile image
Lamar Dixon's profile image
Lamar Dixon
  • from Dalton, Georgia
  • Member since Nov 5, 2014
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Lamar Dixon's profile image
Lamar Dixon's profile image
Lamar Dixon
  • from Dalton, Georgia
  • Member since Nov 5, 2014
Connect
Lamar Dixon
  • Dalton, GA
1
Votes |
9
Posts
Private Lending & Conventional Mortgage Advice

Apraisal value on flips

Lamar Dixon
  • Dalton, GA
Posted Jan 28 2015, 05:25
I am am involved in the finance of my first flip. I recently was approved for a HELOC my appraisal was only 3k shy of county tax value. I'm good with that. The house I'm trying to buy, with a bank loan, appraisal came back 20k short of tax value. Is this a normal spread of values? Tax value $66500, New Apraisal of $46200.
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