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
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

19
Posts
2
Votes
Madison Balter
  • Rental Property Investor
  • Torrance, CA
2
Votes |
19
Posts

re-appraising house prior to refinancing

Madison Balter
  • Rental Property Investor
  • Torrance, CA
Posted

Hello BP, 

I have owned a duplex since April 2019 in Long Beach, and I wanted to refinance now to get out of my PMI. I bought the house for 445 and it appraised to 520. I was shocked because I completely flipped the place. It had not been remodeled since the 1980's, and I even repainted the exterior of the house. I didn't follow through with the new loan due to the low LTV. What do you recommend I do? Wait, find another lender to do another appraisal? #help

  • Madison Balter
  • Loading replies...