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Updated over 12 years ago on . Most recent reply

Lindsay Wilcox's profile image
Lindsay Wilcox's profile image
Lindsay Wilcox
  • Multi-family Investor
  • from Indianapolis, Indiana
  • Member since Jul 13, 2013

User Stats

96
Posts
12
Votes
Lindsay Wilcox's profile image
Lindsay Wilcox's profile image
Lindsay Wilcox
  • Multi-family Investor
  • from Indianapolis, Indiana
  • Member since Jul 13, 2013
Lindsay Wilcox
  • Multi-family Investor
  • Indianapolis, IN
12
Votes |
96
Posts
Real Estate Deal Analysis & Advice

Appraisal When There Are NO Comps

Lindsay Wilcox
  • Multi-family Investor
  • Indianapolis, IN
Posted

I'm buying a house that was originally a single-family, but has been converted to 3 small 1-bd apartments. There are no houses like that in a 15 mile radius, much less in the neighborhood.

What do I compare it to? I'm especially curious what the appraiser will ise for comps!

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