Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Innovative Strategies
Mobile Home Park Investing
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions presented by
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing presented by
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation presented by
Foreclosures
1031 Exchanges presented by
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing

Updated over 1 year ago on . Most recent reply

Ludwig Koeneke's profile image
Ludwig Koeneke's profile image
Ludwig Koeneke
  • Member since Dec 27, 2023

User Stats

3
Posts
2
Votes
Ludwig Koeneke's profile image
Ludwig Koeneke's profile image
Ludwig Koeneke
  • Member since Dec 27, 2023
Ludwig Koeneke
2
Votes |
3
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Appraisal before rehab

Ludwig Koeneke
Posted

Hello everyone,

I'm brand new here. I'm starting my first BRRRR project and just closed on a property using cash. Since I bought cash, I didn't get an appraisal. Is it a good idea to get an appraisal before AND after the rehab/refinance stage? What do you guys think?

  • Ludwig Koeneke
    • 1 Vote
    Follow
    8 Replies
    Jump to Last Reply
    Log In or Sign Up to Reply

    Most Popular Reply

    Jonathan Greene's profile image
    Jonathan Greene's profile image
    Jonathan Greene
    • #5 Starting Out Contributor
    • Real Estate Consultant
    • from Mendham, NJ
    • Member since Nov 29, 2016

    User Stats

    6,755
    Posts
    7,828
    Votes
    Jonathan Greene's profile image
    Jonathan Greene's profile image
    Jonathan Greene
    • #5 Starting Out Contributor
    • Real Estate Consultant
    • from Mendham, NJ
    • Member since Nov 29, 2016
    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    7,828
    Votes |
    6,755
    Posts
    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    Why would you spend the money on an appraisal now? You should have a good idea of what it's worth based on what you paid and the comps you looked at before you closed. I don't see why it would make sense.

    business profile image
    Zen and the Art of Real Estate Investing
    5.0 stars
    9 Reviews

    Contact us

    By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

    2 Votes
    Log In or Sign Up to Reply
    Sort By:

    Loading replies...