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Updated about 2 years ago on . Most recent reply

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John Anderson
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How do you deal with appraisals on Section 8 properties?

John Anderson
Posted

If I'm looking to do a BRRR on a Section 8 property in Cleveland, how do I deal with the appraisal on these properties? The cash flow is fantastic, but I'm worried about how a bank will view the value of the fixed-up property, since they are only looking at comparables (and not cash flow).

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Bob S.
  • Real Estate Consultant
  • Cleveland
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Bob S.
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @John Anderson:

If I'm looking to do a BRRR on a Section 8 property in Cleveland, how do I deal with the appraisal on these properties? The cash flow is fantastic, but I'm worried about how a bank will view the value of the fixed-up property, since they are only looking at comparables (and not cash flow).

 The appraisal is based on comps, It is 100?% irrelevant if sec 8 or cash tenant, 

Tell me the address I will tell you what its worth ,I know every street in Cleveland, or ask your PM they should know as well 

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