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Updated over 5 years ago on . Most recent reply

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Rigo V.
  • Investor
  • Morris Plains, NJ
47
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294
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appraisal for refi on brrr

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted

Got an appraisal done in may for a brrr deal for my HML. Arv came in at 200K. Has anyone every experienced it being significantly less or more in 6 months once you refi with the bank?

How much did it differ?

Most Popular Reply

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864
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Jake S.
  • Rental Property Investor
  • Minnesota
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864
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Jake S.
  • Rental Property Investor
  • Minnesota
Replied

Hey @Rigo V. We had a similar experience. We knew if we sold the duplex, it would have been worth about $375k but they were only appraising it for about $315k, which was bogus. Ultimately it didn't effect us much as we cash flow a ton on it!

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