Refinancing and Forcing Appreciation

[Nick Scaramella]

Hello, I'm in the process of buying a few single-family homes in Ohio and I intend on holding them and renting them all out. These homes are more turn-key so minimal work to practically no work needs to get done to the home before a tenant moves in. Are there such banks that will do a refi after the tenant moves in, in about a month or so? and if so if there is a tenant in the home paying over market value in rent, do appraisers take that into consideration and have the home appraise for a higher value, even if we closed on the home a month prior?

[Michael Dumler]

@Nick Scaramella maybe I'm missing something, but why would you refi a month after purchasing the property? Appraisers do consider rental income when determining the value of the property, but a month is not nearly substantial enough to account for. Furthermore, how and why would the tenant be paying above market value rent?