Appraisers are great, but at the end of the day, they're not the ones buying a property or the ones who are renting it.

Appraisal Fee 5. 

If you wait three months, you can use the new appraised value for the cash out refinance which is helpful because if you're doing a BRRRR, you're presumably adding value and will get more cash back for your next project if you wait the three months seasoning period.

The subject property's appraised value is approximately $1.9 million. 

Now I'm being told that because of the charitable contributions listed on the corporation paperwork we need to submit a full appraisal to the state and that the state attorney general needs to approve the sale.

So perhaps not fixing them up to such a high standard that they will appraise at a significantly higher value, but so that they will be liveable to tentative tenants.

Purchase price: $420,000 Cash invested: $195,0002023 Purchase Price - $420,000Renovation Cost - $165,0002024 Refi Appraisal - $790,000Current Equity - $198,000Yearly Cashflow - $122,509Current Cash Invested - $26,000What made you interested in investing in this type of deal?

I can build a 1,000 sq ft cabin including land  and holding costs for about 350k or so and the cabin will appraise out for about 500k to 525k and will produce gross rents in year 2 between 50k to 60k.

This reminds me of the people who wanted double the appraised value for their homes because of the STR business they were renting.

----------------------------Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy, but the same applies if you have a mortgage on the property as well:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]My one caveat is that a 1-4 unit residential property in Missouri is eligible for an 80% cash-out, albeit at a higher interest rate premium (8.625% @ 80% LTV vs. 6.875% @ 75% LTV today).