LD informed us that customers have a life time option to refi which includes refunding of the appraisal and origination fees on the loan. 

But they will take longer and will require an appraisal. 

If you do a cash out refinance within 12 months of owning the property, your loan amount is limited to the LESSER of the appraised value or the sales price of property when you acquired it. 

I purchased a brand new construction for 309k last year, refinanced in Jan 2021 from 3.6 to 2.7, home appraised at 325k at the time.

One last question, I know there MANY of great deals out there off-market and my county provides a pretty decent process for viewing Probates, which I can then cross check with the Property Appraisers Office (don’t worry, I won’t be handing out cards to families of the deceased that I’m investigating).

One last question, I know there MANY of great deals out there off-market and my county provides a pretty decent process for viewing Probates, which I can then cross check with the Property Appraisers Office (don’t worry, I won’t be handing out cards to families of the deceased that I’m investigating).

Or are you still able to get it re-appraised after the rehab is done and get the LTV ratio that you want with a BRRRR property after it is appraised?

It appraised for 35k over our offer price, so that was a good start.

If the original lender is not amenable to granting permission for the appraisal reports to be assigned to someone else, you can also connect directly with the appraiser and just ask the appraiser to refresh the appraisal with the new lender's name.

From what I've read and heard, the biggest advantage of BRRRR is creating forced appreciation for when you get it appraised, to pull out more money then you put in.