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Message
re: Buying investment properties...
Posted on 6/9/14 at 11:03 am to Athanatos
Posted on 6/9/14 at 11:03 am to Athanatos
quote:
Broker Price Opinions have been around for a long time, and check your numbers. They are 10x higher than actuals. Check the reimbursement rates provided by Fannie, Freddie, and FHA.
i don't know anything about it really, i just hear about it. i thought they were supposed to be a cheaper alternative to a full appraisal but i really have no idea.
1
Posted on 6/9/14 at 11:05 am to trillhog
quote:
i thought they were supposed to be a cheaper alternative to a full appraisal but i really have no idea.
Not really. Maybe on a refi or home equity line they are cheaper because they are less demanding. There are different levels of BPOs. Some are just simple drive by BPOs and some are as involved as an appraisal may be.
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