Possible deal!?!?! Helppp!!!! Deal!! or No Deal!!

[Namon Thorn]

Hello B.P. Fam!!!

I would like to ask your opinion regarding another house here in Houston Tx. The property is a 5br/2bath
2032 sq ft house. The house is currently being lived in by the owner. It needs roof, plumbing and foundation repair (sinking down the middle) one end of the house side to side The cabinets and flooring slopes toward the center. The owner says she would like to get $25K out of the house. It's appraisal value is listed by the county as $38280.00. It also has $7500.00 in delinquent property taxes. Good news is that she is motivated to sell. Would and investor (your thoughts) be interested in a house with these kind of numbers? Basically, this house is in rough shape.
What do you think? I really would like to help the owner. Also the house sit on 60x120 lot and has an ajacent lot next to it with the same dimensions. Thanks for any input. As of this post I having comps pulled on the property.

N.Thorn

[Jon Holdman]

County assessments (they're NOT appraisals) are used for determining taxes. They have little, if any relation to the actual value. Zillow's getting better, but I still don't trust its zestimates. You need to figure out what this is worth from comps. Without that info, you have no idea if there's a deal here or not.

If the ARV really is $38K (its not, don't know what it is, but its almost certainly not this), there are $7500 in back taxes and it needs foundation, electrical and plumbing repair, then its really worth the value of the lot less the value of dozing it and hauling away the debris.