Wholesale deal analysis please!

[Barton Louie]

Hi fellow BP family!

Need some opinions on my first wholesale deal that I am about to complete tomorrow.

I have the property under contract at $848,000.

The property is currently at 982 sq feet however has an 288 sq foot addition not permitted with the city yet. The cash buyer needs to have the contractor do some drawing of the new addition and send footage then submit them to the building department. After that’s complete the new da footage will be 1,280.

ARV at new sq footage is $1,100,000.

I am debating on how much to sell to the cash buyer because there’s some permitting issues and needs about 20-30k rehab.

What do you all think would be an appropriate wholesale price based on these numbers?