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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 1 year ago on . Most recent reply

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Rebecca Orlich
  • Investor
  • Long Island, NY
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Is Anyone Doing Desktop Appraisals in Cleveland?

Rebecca Orlich
  • Investor
  • Long Island, NY
Posted

Looking to start my real estate journey with a SFH BRRR in Cleveland. On the Rookie podcast, I heard about an additional step that some are taking and using desktop appraisals. Essentially getting some reassurance over the ARV using the purchase price + scope of rehab work. Is anyone else doing this that can provide insight? How much do these usually cost per appraisal? Is this a tailored service or do all appraisal companies offer this? I have only found one online that advertises this option and their phone number is disconnected. Thanks!

Most Popular Reply

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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
2,006
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1,482
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Rebecca Orlich
The desktop appraisals I pay for with my go-to hard money lender are in the range of $150-250. That's just from my experience though. 

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