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Updated over 7 years ago on . Most recent reply

Blaze Crook's profile image
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Blaze Crook
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  • from Chattanooga, TN
  • Member since May 11, 2017
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Blaze Crook's profile image
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Blaze Crook
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  • from Chattanooga, TN
  • Member since May 11, 2017
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Blaze Crook
  • Investor
  • Chattanooga, TN
3
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15
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Private Lending & Conventional Mortgage Advice

Getting a loan on my BRRR

Blaze Crook
  • Investor
  • Chattanooga, TN
Posted
When getting a loan on my property that has been rehabbed is it better to order my own appraisal or allow the bank to order the appraisal?
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Michael Noto
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Michael Noto
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Michael Noto
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Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Blaze Crook The bank is going to require you to get an appraisal and will not just use any appraisal you have done and apply it to the value of the home. The only thing you will accomplish by doing that is paying for two appraisals.

Don't overthink it. Just go through the normal process with the bank.

  • Michael Noto
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