Please be leery of evaluations when…
Please be leery of evaluations when refinancing. The initial ARV that Kiavi agree doesn't equate to being close to the appraise or market value. Once you purchase the property and complete the rehab you would think that your property would meet market expectations because of due diligence. The appraiser used properties that were not good comparables even when I disputed and found better comparables Kiavi used the lower comparables. The comparables that I introduced met appraisal standard even when two of the comparables that were used by the appraiser should not have been used. Kiavi uses 75% LTV with a good credit score, the appraisal effects it greatly. I am an experienced investor; you may want to consider using this company with fix n flip and not refinance. They do third party financing and not in house, so that will also affect your deals.