Apprasial with private money

[Victor Chalouh]

Hey guys

I was reading Brandon Turners book on investing in real estate with no and low money down.

He was discussing the idea of private lenders and an idea struck me. If I get a private lender to lend me the full amount for the house (figuring the seller would cover all of my closing costs and attorney fees), would I be able to get an appraisal on the house even though I have no mortgage? The idea would be to refinance on the house 12 months after and return the money plus some interest to the private lender. I would want to make sure that the house appraises for that much before just purchasing the property.

Let me know your thoughts!

Thanks

Vic