10:31 AM, 19th November 2021, About 2 weeks ago 24
BRRR misery – Hi all, I need some help in solving a current situation concerning BRRR.
I recently purchased 2 terraced houses next to each other to turn into 7 ensuite rooms and 2 x 1-bed flats to rent as service accommodation for £420k.
I had an initial Gross Development Value (GDV) valuation of £970k with refurb costs of £220k.
I have just had a surveyor report valuing the property at £250k and need advice legally or otherwise as to my options, of course, based on that valuation I can not refinance?
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