My appraisal came in 43K under expected Value. what should I do

42 Replies

@Jermyn Brown

Did you have an ARV number prior to doing the rehab work? For future reference, if you're going to finance ANY part of a rehab job (down payment and/or rehab costs), ALWAYS get an appraisal. That's how you know the investment in sound and will create the value you need to successfully BRRRR.

Try another lender. Maybe one of the "soft money" lenders like lima capital? If you know any real estate agents see if they can pull you comps. There is a good article I read some where on bigger pockets about putting together a packet for an appraiser. If you can't get out now and the loan isn't too onerous, perhaps you could rent it out as a buy and hold for a while?