Would this be a good wholesale property?

[Mohammad Haidarasl]

I am just trying to identify good wholesale opportunities, as I'm new at this. 

I found a property in San Antonio, Texas

So far, these are the statistics:

Appraised: 72 k 

Improvements: 61,620 k

Land market: 10,380 

The way I understand to check on whether or not this is a good deal (I have not gone out to see the property nor have I spoken with anybody) is the following:

20% Higher than the appraised value; thus: (72k x 0.20) = 14,400 then I add this value to the original number, thus 72 k + 14,400k = $86400 k 

Then I would subtract 30% of this value ; so 86400 - 25920 = $60480

The last step would be to subtract the improvements; thus in this case our improvements cost more than the value I received...so this wouldn't be a good deal where there is any money to be made. 

Is my thinking correct? Help! 

BTW, I'm using BCAD.ORG as the website I'm getting property info from.

[Natalie Kolodij]

The county appraisal values don't matter

Figure out it's ARV based on comps in the area. Similar houses/ sizes/ near by and what they have sold for.

Subtract from that the amount of repairs this house will need to get it to similar selling condition, selling costs, holding costs, your assignment fee, and the minimum profit a flipper would require on it. 

The number after after all that is your maximum offer. 

If they take that offer ...then there's a deal. If not- there's not. Your current information doesn't tell you if this is a potential deal.