Cash out Refinance questions for first BRRR

[Brandon Montgomery]

We are entering month 5 of our first BRRR deal and are preparing for the refinance. When we purchased the house, there wasn't an on site appraisal (I assume they went off comps), which was fine at the time because it appraised higher and got us a lower down payment. Now however, we have completely remodeled the house and want it to appraise at the highest value, so my question is how does this normally work in order to get the correct new appraisal? Do you show them before and after pictures or request an on site appraisal?

[Caroline Gerardo]

A conventional appraisal does NOT account for before and after or money spent. Comparable sales are what matter with a loan not a cash sale. Have a realtor help you with some comps which you provide the list to the appraiser when they arrive or email before. Sales last 3 months, similar size, nearby...