Wholesale deal help

[Christopher Davis]

I am working with an extremely motivated owner. I do not have her under contract, but very close. The reason for this post is that the house is scheduled to be demolished. I am working with the county inspector as well. The inspector states that repairs are 65%+ of the Tax Value. Currently, the house is zoned B-1 (Neighborhood Business).

The house is a 2/1. 916 sq ft. Building assessed at 39k, land at 25k. Total of $64k. NO A/C.

I decided to use the formula - Tax Value ($64k) - Repair (@$20 sq ft= $18,320 ) divide by 2 then subtract my wholesale cut ($5k) = to equal $17,840 offering price. I want to add a little cushion, so I was considering a $13k purchase price.
Does this sound correct?

Also, since it is best zoned for neighborhood business what are some suggestions to get this property sold?

Am I missing anything here?

Thank you for your time!
Christopher Davis

[Marcus Geiser]

If the property is scheduled to be demolished why such a high offer? I would start at I'll take it for free or give you $1000. Is the land valuable and the vacant lot something that would sell. I go at it from a solution provider standpoint. After the property is torn down will she be responsible for demo cost? More info is needed to make any suggestions.