Conventional Rehab Loan?

[Daniel Nieves]

Is a conventional rehab loan a good option? How can I find out if the property cash flows good or will be worth it if I wont know the value of the rehab hence the total amount of the loan until the lender sends inspectors and appraises the property?

[Evan Polaski]

@Daniel Nieves, you might be getting a little ahead of yourself.  Assuming you are talking about an investment property and not your primary residence, you should have a very good idea what the property will be worth after rehab, before you ever get it under contract or talk to lenders about a specific project. 

Scour the MLS, Zillow, talk to agents, etc to get an idea what rehabbed properties in the area are selling for. Additionally, you will want your own contractors to go through to let you know cost of rehab for your proposed scope.