obtaining a distressed property to flip

[Karen Hargis]

I would like to try to obtain a distressed property that has just been condemned. They owe back taxes(3500) and I'm sure they do not have the funds to make repairs. I am going to knock on the door and introduce myself and see if they are wanting to sell. Is there a typical amount that may be offered extra to help them out after I come to my price? or even to do that. I feel this house is 240-250k ARV with about 40-60k repair. I was going to offer them 110k. This would be my first approach on a property/owner like this. Any advice is appreciated. Thank you.

[Corby Goade]

I'd forget about the numbers and see what's going on in their life and how you can help them get back on their feet. When you make every effort to help people and forget about your own profits, that's when magic starts happening.