is this good news???!

[Rito Altamirano]

hello BP and happy new years!! So i decided to start 2016 with a resolution to close 5 wholesale deals this year! Lol small goal yes but closing 1 would change my life haha.  Well ive already started searching for possible deals by driving around and finding homes i thought would be good deals. 

Well there is this one home i know of and ive payed attention to it alot for the last year or so and has been vacant since like early 2014. I decided to finally look into it so i began my search online through the countys assesor and found out the home owners name. hes an older gentleman  ,no current adress other then this property,  and found out the taxes were current and next payment is due in 8 days . Also the home has been owned since 1995 

So i took to google and found the name of his wife , also found an adress around the corner under both their names plus a phone number, a bit more searching and found a third property under his name as well. All purchased in early 90s So from this i get the idea he probably was an investor at some point lol. But either way this house is abandoned not taken care of pretty beat up inside and outside can need some nice changing as well. But overall is a decent house. 

Now today i decided to walk up to the house and take a good hard look inside and around. Also on the front door i found  a letter of abatement for maintence neglect. This letter was noted dec 12 ,2015 and states starting jan 12 ,2016 in 10 days he will be getting charged 100 bucks a day for 10 daysand 500 a day there after . This is definitely some good news if i work fast enough correct??! This would be cause for a motivated seller i believe. 

Now my only issue is what should i do next , should i call the number first or should i attempt to knock on the doors of the the properties under his name in attempt to find him? I would understand a yellow letter but with the abatement soon its not enough time for a waiting game. 

Sorry for the long post.  But thanks for reading and always thanks for the help! Hope to close my first deal and begin my journey right! 

Numbers!!! 

LAS VEGAS , NV 

O.G owner purchase price -72000 in 1995 

current market value according to assesor page- 58,000 (land value + property value) dont know if this is a good number to use or not but id say judging from looks of it its current worth is 45 to 55k i wouldnt pay more then 40k personally  id hope to talk him down to 25 to 30 if possible. 

Repairs needed - 20-25k

Recent comps in the area 1 mile radius avg. 110k to 125k

So say the seller is motivated and owns clear or doesnt owe very much on the home do you see a good possibility for a deal here with enough margin to profit as a wholesale?  I hope to make a fee of 5k but hell if i luck out id love to make 10k plus lol but honestly ill settle for 1k if needed lol anyways hope to hear soon.