Appraisal

Plain-English explanation

Critical at refinance — controls how much you can pull out.

Examples

• Appraisal at $200k allows $150k loan at 75% LTV.

Common mistakes

• Not 'prepping' the appraisal with comps and improvements list.

Related questions

• What is the BRRRR strategy?
• What is the 70% rule in BRRRR?
• How do I find ARV comps?
• What's the most common BRRRR failure?
• What ARV range is best for flipping?
• What does a successful BRRRR look like step by step?