1st Bird dog in process

The tax assessment may be higher than the current value because the market has dipepd down since the last sale. In some areas of the country the assessed value can be tied to a recent or prior sales price of the property. The important thing to look at is based on the current numbers of a $70k value, and the total cost of the ARV of the property of $49,995 ($39,995 + $10k repairs), the margin could be tight once you factor in other costs such as insurance and taxes. The larger the margin on the property, he easier it will be to make a profit to assign the deal. I hope this helps. Good luck with REI. Believe and Achieve! - Joe

The tax assessment value is just for tax purposes for contributing to county, municipal or township's budget. Main concern is going to be the value $70K and current values of similar properties surrounding that property to know whether deal is worth while to assign to another investor.