Kiavi will lock the rate once the appraisal is paid for, and it is usually good for about 30 days.

One thing you want to avoid is making the asset to unique that it is difficult for an appraiser to comp out. 

Two weeks later, the client locked down a deal that appraised well above their initial projections.If you’re serious about pushing your boundaries..maybe setting your sights on Chicago’s undervalued neighborhoods or San Antonio’s quieter pockets..let’s talk.

I planned to do a piggyback HELOC to have access to quick capital in case a good next deal came along but it has been a long drawn out process and right at closing they decided they needed a new appraisal.

In the last 3 years, I've never seen a note selling close to the appraisal price.

It's just a single family home so the rents don't effect the appraised value.

In case of continue the deal I would request and appraisal and inspection but still, as you mention, not sure if it is a good deal.  

For context, here's the home https://www.zillow.com/homedetails/943-34th-St-Oakland-CA-94...We bought it as our primary in 2014 for $590k and realized a nice run up in appreciation over the last decade, appraising most recently in 2022 for $1.2m. 

Appraisal means nothing.

Timothy,You should never pay any upfront fees besides paying for the appraisal report.