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My Serial BRRRR investor client had a $215K appraisal on a rental, aiming for a 75% LTV cash-out.

All good – until the appraiser casually checked “declining market.” That one box dropped the LTV by 5%, cutting $10,750 of untaxed cash.

We weren’t having it. We gathered updated comps, recent appraisals, and data proving the market was steady.

After some firm (but polite) back-and-forth, the appraiser finally changed it to “balanced.” The lender accepted the revision, and my client got the full 75%.

Moral? A single checkbox

Property Details

Price: $215,000

Address: Falcon St

City: Jacksonville

State: FL

Zip Code: 32244

Year Built: 1961

Square Footage: 1,100

Lot Square Footage: 8,000

Beds: 4

Baths: 2