Hard money rehab can I use conventional after rehab is done

[RJ Dixon]

Hello my name is Ralph Dixon, 25. Just stepped into the world of real estate investing. I currently own 1 unit a 4 bed 2.5 bath. My question is I found a multi family unit that needs work done. My estimate and from 2 general contractors that I know needs about 50k of work into it 50k being higher then they think . My hopes and thinking is .. I make a cash offer hopefully get it under 120,000- 110,000 . Getting that cash was going to come from a hard money lender. I know the interest rates are high so my thinking is once the work is done can I get it appraised then take a conventional lone out so the rates are lower. I’m a buy and hold investor at this point. Thanks for the help