house won't appraise to full ARV if refi before seasoning period?

[Vidyadhar R.]

Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month.

I want to refinance asap after rehab but I've heard that the house won't appraise to its full ARV if refinanced within the seasoning period of 6 months and that you've to wait out entire seasoning period to appraise to full ARV. Is this accurate? Or does this only apply if you're refinancing it from the same lender? Where would I find accurate info for this question. Kindly advise. Thank you.