Purchase house that already remodeled

[Alon A.]

Hey guys 

I have a question that I have and I can’t figure it out 

I saw house on market that I can get it in 315K it’s fully remodeled , everything is new flooring , paint , kitchen .. top to bottom 

the comps sold around 470k, 420K , 415K  

Let's say 430K ARV , hard money lender give me 75% of the appraiser hr will send.
So it will be 322.5K. , it means the loan covers all the house, and I do not need any remodel to the house so it’s 0 remodel. 
Means that my out of pocket will be only the closing cost of the HML (points , pro rated taxes , interest , processing fee)

Let’s say around 10K 

so it means I can get a house in 10K and then just re finance right after ? because the 2nd appraiser also will be on 430K since it’s already remodeled and the equity is there . 

I never got a house that already remodeled & I don't know how works with hard money lenders in those cases, I'm afraid that if I do not do any remodeled the appriser will come in lower ARV and then my out of pocket will be higher , any thoughts ?