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Microfamily Millionaire Ep 10 - Appraisal Nightmare (Part 2)
Most people decided to invest in apartment buildings as a strategy to build wealth. I know I do. But I didn't factor enough weight into the effect of a bad appraiser into the equation. You'd expect real estate professionals to be just that... professional, well informed of their local market trends and looking to do the most reliable fair unbiased job they can.
The financial future of people's families and livelihoods hang in the balance!
If your strategy is like mine, Refi & Roll (use equity from appreciation of one property to purchase the next one), then having a fair valuation is pivotal in your ability to execute that strategy.
Listen in to find out the disaster my partner and I experienced and how we were able to still push through and find the silver lining.
If you haven't yet subscribed to our parent podcast Share The Wealth Show
subscribe to this channel!
________________________________
Interested in investing in small multifamily?
Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
View all episodes
By Nicole P.Most people decided to invest in apartment buildings as a strategy to build wealth. I know I do. But I didn't factor enough weight into the effect of a bad appraiser into the equation. You'd expect real estate professionals to be just that... professional, well informed of their local market trends and looking to do the most reliable fair unbiased job they can.
The financial future of people's families and livelihoods hang in the balance!
If your strategy is like mine, Refi & Roll (use equity from appreciation of one property to purchase the next one), then having a fair valuation is pivotal in your ability to execute that strategy.
Listen in to find out the disaster my partner and I experienced and how we were able to still push through and find the silver lining.
If you haven't yet subscribed to our parent podcast Share The Wealth Show
subscribe to this channel!
________________________________
Interested in investing in small multifamily?
Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com