Hi all I'm new to BP - I've done 700+ F&F appraisals AMA

Hi all I'm new to BP - I've done 700+ F&F appraisals AMA

Appraiser · Fairfax Virginia, United States · Member since 2024 · 10 posts · 10 votes

Hi everyone! I’m an experienced real estate appraiser based in Fairfax, Virginia, and new to BiggerPockets.

I’ve completed more than 700 fix-and-flip appraisals and have seen firsthand what adds value, what doesn’t, and where investors sometimes run into trouble with ARVs and comparable sales.

I joined to connect with investors, learn from the community, and share an appraiser’s perspective. If you have questions about ARVs, comps, renovation choices, or the appraisal process, ask me anything!

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  • Investor · Washington, DC · Member since 2022 · 122 posts · 147 votes
    1mo

    Love this @Michael Troy Giampa and welcome to the community!  What do you think is the top thing that investors get wrong when they're estimating value for F&F?

  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1mo

    Welcome to BP

    7e investments53 Reviews
  • Washington, D.C. · Member since 2026 · 2 posts · 0 votes
    1mo

    What is the highest quality data source, and what has your personal experience been, on the comparison between appraisal values and actual sale price. How does that comparison changes for different asset classes, geographies, time periods, or other categories? 

  • Brad SeidBusiness Member
    Lender · Licensed in 28 States · Member since 2026 · 161 posts · 46 votes
    1mo

    @Michael Troy Giampa Welcome to BiggerPockets! With 700+ fix-and-flip appraisals, you’ve got a ton of valuable insight to offer investors.

    I’d love to connect as well. I help investors with lending and financing options for fix-and-flip and investment properties. If you come across investors looking for financing, feel free to send them my way or reach out directly. 🤝

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    1mo

    Hey @Michael Troy Giampa , It's great to have you here!

    Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

    Good luck on everything!

  • Diana KhanPro Member
    Attorney · 10451 Mill Run Cir #755 Owings Mills, MD 21117 · Member since 2024 · 483 posts · 177 votes
    4d
    Quote from @Michael Troy Giampa:

    Hi everyone! I’m an experienced real estate appraiser based in Fairfax, Virginia, and new to BiggerPockets.

    I’ve completed more than 700 fix-and-flip appraisals and have seen firsthand what adds value, what doesn’t, and where investors sometimes run into trouble with ARVs and comparable sales.

    I joined to connect with investors, learn from the community, and share an appraiser’s perspective. If you have questions about ARVs, comps, renovation choices, or the appraisal process, ask me anything!

    Welcome, @Michael Troy Giampa. With 700+ fix-and-flip appraisals, I'm curious about something from the other side of the transaction. Are there any property issues you regularly see investors overlook before they buy that later make their expected ARV harder to support?

    I’m a real estate attorney, broker, and investor in Maryland, and I work with investors who are often making decisions based on what they believe a property can become after renovation. I’ve seen situations where the numbers looked good initially, but something about the property, title, intended improvements, or overall deal changed the picture once people looked deeper.

    Your appraisal perspective would be really interesting to hear, @Michael Troy Giampa, especially since we both work around the DMV real estate market from different sides. I’m glad you joined the community and would be happy to stay connected and exchange perspectives.

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