Delayed financing based of appraisal rather than purchase price

[Lior Shulstein]

Hey everyone,

Has anyone here completed a delayed financing deal on a property with little to no rehab?

We’re looking at a property we could potentially purchase(Cash+Private money loan) at a significant discount compared to comps. My main question is: with delayed financing, is it realistic for the appraisal to come in well above the purchase price?

For example:

• Purchase price: $100K

• Comps suggest: ~$150K

Has anyone been able to get an appraisal at the higher comp value (e.g., $150K) and then secure a DSCR loan based on that figure - without doing rehab work?

Would love to hear about any real experiences with this, especially in the Indianapolis market.

Thanks!

Leor