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Private Lending & Conventional Mortgage Advice

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Robert M.
Pro Member
  • Investor
  • Atlanta, GA
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64
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Drive by appraisals versus Full Appraisal in tenant occupied properties?

Robert M.
Pro Member
  • Investor
  • Atlanta, GA
Posted Feb 13 2015, 06:18

I am interested in everyones thoughts on getting the highest appraisal in tenant occupied properties.  I am pulling some equity out to grow my portfolio with a community bank.  I think they are flexible and would allow a drive by appraisal.  

The properties  are C+ type neighborhood and I think my tenants are decent in keeping the properties clean..would say that they are great at it though..

What would you suggest...a full appraisal or drive by?

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