My first potential offer?

[Greg Brett]

Hello, I am a "newbie" investor.  I have not made any offers and truthfully wasn't planning to until February 2018.  Why? Because, I'm still very new to where I'm still figuring out my knowledge about wholesaling, and haven't quite yet put my team together (I have spoken to a real estate agent, and am due to speak with a mortgage broker this week).  However, I found a house that I believe would be an incredible good place to put an offer in.  It is a beat up house that is surrounded by  million dollar homes in a very nice neighborhood.  It is listed for $325,000 but has been on the market for 527 days and states that it is a motivated seller. I mustered courage and called the realtor.  She tells me the house is uninhabitable, and that it would probably be best just to have the house torn down and essentially, I'd be paying for the lot/land.  This is not how I would envision my first wholesale deal, but still feel like it certainly could still get me a good deal.  Should I still quote an offer?  If so, what can I do to estimate the costs of tearing down and building up a new house in order to have a win-win scenerio for me and potential new investor/buyer.  Should I take a look at the house anyway, and say that the house is salvageable and try to wholesale it to a Rehab/Flipper?  Is this even something that I should do for a first deal?  It feels like this could be a profitable deal for a Spec House or something and maybe I just share the love and pass this potential deal to someone else?  If I do this last version, would I be doing this part for free, or would I be quoting a finders fee only if there is a deal to be made? Like I said, I'm new.  Lots of questions going on.  I want to do whatever I can to ensure my first deal is a profitable one.  So far, I have not made any kind of offer.  I have asked How big the lot is, what would the square footage potential be, and if rehabbed, how many bedrooms, bathrooms, typical kind of questions.    Thanks for any help, I appreciate it.