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

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Troy Smith
  • Investor
  • Dover, OH
21
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29
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Refinance step of BRRR

Troy Smith
  • Investor
  • Dover, OH
Posted

I am finishing up my rehab of my first rental property. Does anyone have any tips/ advice to help make sure my property will appraise for what I planned on based on my rehab? I don’t want the property to appraise low and not have enough money to get when I cash out.

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River Sava
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
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1,920
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River Sava
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

Hey Troy, 

Congrats on finishing your rehab. Document all improvements with before/after photos and receipts, highlight upgrades that add value (kitchen, baths, etc.), and research comps in your area to ensure your property aligns. If possible, meet the appraiser to provide your rehab details and comps.

Also, out of curiosity, when did you purchase the property and when are you looking to refinance? 

  • River Sava
  • [email protected]
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