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Whether you’re trying to get more favorable terms on a loan or simply grow your real estate portfolio, refinancing a rental property, at some point you’ll probably want to refinance a rental property. Part of the refinancing process is the appraisal—a system that lenders have put in place to ensure that the property value is in alignment with the loan amount.
On this episode of Investing in Real Estate, we’re discussing what to expect from the appraisal process. We’ll talk about our experiences, what an appraiser looks for, and what to do if your property doesn’t appraise for the value that you’d hoped.
On this episode you’ll learn:
Why appraisers are going extinct.
Which industry the appraisal system was created for.
Why appraisals are often low.
How much you can expect to pay for an appraisal.
Why appraisers and investors often disagree.
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.