Appraisal to low on flip

[Matt Stoltzfus]

Is there any way to get the contract amount if the appraisal comes back to low. Appraiser is mostly going by the fact that I got a great deal when I purchased and claims he cannot justify my sale price even when there are other comps in area.

  They won’t allow me to hold a second mortgage but what about an option?

 Anyone familiar with this strategy? 

[Account Closed]

Quote from @Matt Stoltzfus:

Is there any way to get the contract amount if the appraisal comes back to low. Appraiser is mostly going by the fact that I got a great deal when I purchased and claims he cannot justify my sale price even when there are other comps in area.

  They won’t allow me to hold a second mortgage but what about an option?

 Anyone familiar with this strategy? 

The only things you can do are lower the contract price, have the buyer bring in more money for the sale or use a different lender and start over.