Finding out market value after Rehab

[Brooke F.]

Hello BP!

Im a newbie in real estate in every sense of the word, My agent offered me a deal to rehab a multi family property upstate New York. How do i know if Im overpaying ( i cant find similar comps)? Mainly, how do i find out what the market value will be after a complete rehab (60K approx according to his contractor). I want to know in advance what kind of margin and profits im looking at.

Also, he mentioned that i cant get a mortgage on the property. What does that indicate?

Im totally new to this. While i trust my agent, I want to get another perspective and professional opinion. After all, Im gonna be putting all my eggs in this basket.