Appraisal of Property

[Todd Lightfoot]

My question is about appraisal's. I am looking to get into rentals and I see you can get loans for up to 80% LTV. I know in the past if the appraisal came out higher than the asking price you could have equity right away. However, now a days the appraisal will come out to whatever amount you are paying for the property. I know this from my own purchase of my personal home. Does this only matter if you are going through a bank? I have found some property that I would think should appraise more than the asking price but I know the appraisal will come out at the final sales price. Is there a way around this issue?