Conventional loan with no kitchen ?

[Stipe Ba]

Hi everyone !

Found a SFH home listed for 100k. ARV for area is 220ish. Older couple lived it and they had a mold problem from leaks in the roof. Had it professionally repaired. They went above and beyond and tore a few sheets of drywall off and removed the kitchen because that's where the leak was coming down to. Theirs no kitchen cabinets and the appliances are not hooked up. Also one of the bathrooms have been gutted but the others still

Are in place and work. All the utilities run as well. Everything else looks good and done. Would I still be able to get a conventional loan , or do I need to go the investment loan route ?

[Jaysen Medhurst]

No, @Stipe Ba, you won't be able to get a conventional loan on a property like that. Your best option is probably to try and partner with someone who has the capital to buy the deal cash and finance the renovation. Then split the profits.