They will let you know what other little paperwork may be needed and probably order an appraisal.

They will let you know what other little paperwork may be needed and probably order an appraisal.

Between inspections, appraisals, title work and financing approvals I don't see that taking any less than 45 days.

I have two issues that I am trying to work through & looking for the help of the group.I have called 6+ banks, and ALL are requiring a 12 month seasoning period to lend based off of appraisal..

Yes 20% equity based on new appraised value.

Where are all the investor friendly appraisers if any near?

First and foremost, the ENTIRE process relies on a successful appraisal so that you can get approved for the loan amount you need to meet all the numbers you crunched to cover all of the costs (purchase and rehab) of the home.

If they do that can result in a drastically lower appraisal due to CAP rate adjustment...anybody with experience with this?

Because you have 100% equity position, you should be able to get a HELOC worth up to 80% of the appraised value.

The appraiser has been ordered.