Fast, no inspections, or appraisals needed.

I am wanting to just pull 100k out and it should appraise for 140-155k.

The home is appraised at $1M.

Any insights or advice would be appreciated.On a purchase and rehab loan, it's in everybody's best interest to get an accurate rehab scope of work and therefore an accurate appraisal (when the appraiser can determine exactly what is going to go into the property instead of guessing).

Just want to be careful on which broker/lender you use because some of them have a prepayment requirement and try to stick you with a 3-5 year prepay.There is also a 40 year I/O interest only but its only fixed for the first (10) years.Make sure you know how many months reserves they require before you get to deep into paying for the appraisal and then find out the deal is cancelled in underwriting.

In this case as long there is 3-6 months seasoning, you should be able to cash out on the new appraised value.

I would be able to pull about roughly 100-140k (appraisal depending) with a new piti of $3960.

Should have an appraisal in the range of $325K, so approx $100k in equity and we should be around 65% LTV.

Contract price: $1.73M, "as is" appraisal: $2.1M, "improved & stabilized": $3.4M.What made you interested in investing in this type of deal?

At the time of purchase, this home appraised at 800k.