Tips and Tricks for the DSCR Refi - Appraisal

Augusta, Georgia
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
11moFollow

Tips and Tricks for the DSCR Refi - Appraisal

Shameka Henson
Investor · Augusta · Member since 2025 · 5 posts · 6 votes

Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or calls

So I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.

Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)

2. Give the appearance of a SFR - you need a living room/dining room space ( don't convert them just yet into rooms)

3. Put together a book of before and after pic and Comps in the area

What tips/tricks have you used..?

1Reply
91 views

1 Reply

Jump to latestLatest
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    11mo
    Quote from @Shameka Henson:

    Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or calls

    So I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.

    Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)

    2. Give the appearance of a SFR - you need a living room/dining room space ( don't convert them just yet into rooms)

    3. Put together a book of before and after pic and Comps in the area

    What tips/tricks have you used..?


     I would suggest seeing if your lender can order a CDA prior to the appraisal. This will give you a rough value estimate, before you invest $750 on a full report. 

    As for the rent by the room situation, just make sure the home looks like a normal rental property. As long as there are no unpermitted conversions or anything to suggest co-living spaces, you should be fine. Some lenders are okay with rent by the rooms, but they will not be okay if you converted each room to have their own dining space, etc.. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free