****Help!! Question…Tell me if this makes sense Please Read*****

[Rod Desinord]

Family member is selling me their home but i didn't want to go the conventional route of getting a mortgage to buy the place because it wouldn't appraise anyways due to the condition of the property which isn't bad but not great. Also his mortgage is not assumable. Would it make sense to get a hard money loan to buy the place fix it up and than refinance it?