Hi I’m new to wholesaling

[Mike Ross]

Hi, I have a question about condemned homestead properties, and if you can make a nice profit? I have come across a condemned homestead house looks like multiple code violations and the property is going to demolish it. It looks like a collective amount of garbage around the outside and has maybe $60,000 in repair cost, and the ARV is about $200,000 but I don’t know how to factor in the code violations! Can someone with experience in wholesaling condemned property help me please and thank you!!