(Appraised value will hopefully come in at $650k and the rate I can expect is in the high 4’s)I’ve been talking with two different mortgage bankers and one has advised me to refi out the two fam back to 30 years in order to drop the pmi and increase cash flow and make my application stronger for the 3 fam and for applications for financing on more properties to come.

Well after waiting 45 days to close to a disabled Vet, after the appraisal, and inspections, he backed out due to health concerns so I relisted on Zillow and put for sale by owner sign in front yard.

I payed no upfront fees  I did fill alot of paper work and had an appraisal done I am suppose to be refinancing one of my properties through athas capital group, what is a pump and dump scenerio

It's the lee county property appraiser website.

If using a hard money lender, you can expect to pay at least a couple of origination points (% of the loan amount) at closing.Other fees: The cost of the appraisal, any underwriting fees, etc.

outcome - initial purchase price of 1.67M, as complete appraisal came in at 3.2M.

Considering how competitive the market is at the moment in this area, I made a full price offer with inspection and appraisal contingencies.

After that the closing costs will include origination charge, taxes, Appraisal, Credit Check, Flood cert, Insurance, Mortgage insurance if your LTV is higher than 80%, Title charges.

If I buy the property at 76k and it appraises at say 80-85k would I still be able to cash out refinance?

I started with a local portfolio lender who said they would give me 80% of the appraisal value...I bought a duplex and fixed it up, rented it, and it appraised at $200,000.