Refinancing for 1-4 units using Income approach
Hey Gang, I'm looking to get some properties refinanced. Does anyone know of banks (or if it is even possible) that would appraise a 1-4 unit rental property based on cashflow? I deal with mainly higher end units which get phenominal cash flow, but the problem is there isn't a lot of good comparable data. Most rentals in our city tend to be on the lower end of condition. Any advice is greatly appreciated!