Off market abandoned property absentee owner ARV
1st time investor looking to wholesale an off market, abandoned property, owner lives in another state. Trying to figure out the ARV, but since I do not have access to the inside of the property I do not know what it would cost to rehab. Considering the year it was built, the exterior condition, I can only assume it will be a complete rehab. Since, this would be my first purchase, I have contacted a realtor to write the offer and it will include a contingency for a walk thru. I would have to figure there may be asbestos and there is definitely clean up to do. Based on the few comps in the area and working with the 70% rule, do I write an offer based on the worst case scenario?
I am trying to watch videos and am attempting to read a book, but will not have enough info. I truly appreciate any information you can share. Thank you.