BiggerPockets

You will probably never wholesale it.

Only though that I have is maybe video everything during your inspection period.

Mike,

Would you buy a deal without looking at the inside?

I'm not saying it is impossible, but it is risky at best. Perhaps some other BP guys can help you with this objection.

You could certainly do it if it is at some unreal low price, but why would leave that on the table?

The bottom line here is that you need to overcome this objection. Call them contractors or whatever but you will need to show it.

He is selling the property for his mother and there is a family member living in the house. I have not saw the property myself but i sent my contractor out to look at it.

My experience is that either there's something going on with the house OR (likely) the tenant.

In fact, you did say this was a probate deal. Whats the "family member's" relationship to the deceased owner (decedent) and the estate? Could be trouble. Particularly if the Rep. of the estate is selling without the consent of an heir. Get ALL of the details. If there are legal issues, consult your attorney. Don't know if you have one but if you don't, consult the title co. Most of them up here are ran by lawyers who know more about what's legally required in a deal than the real estate attys. representing the buyers and sellers.

Oh yeah I just got of the phone with the seller, he said that he wants to get rid of the property because he know his mother won't do it herself. But he said that he could sell her on it that's why he is stepping in to get this done. He also is a foreclosure attorney and he said the reason he doesn't want me to put a lock box on the property is because he knows that people sells contracts to other people and he just wants the deal to be smooth.

Kathy - yes he does.

Mike,

WARNING WARNING WARNING be very very careful here. You do not want to walk into a hornets nest. He can have Power of Attorney, BUT unless her Doctor has declared her mentally incompetent it will not stand up in court. It sounds like she doesn't want to sell her house and he is forcing the issue. I have POA with my grandmother and I am very familiar with this. DO NOT MOVE FORWARD UNLESS YOU SEE SOMETHING FROM THE DOCTOR DECLARING HER INCAPABLE OF MAKING HER OWN BUSINESS DECISIONS; HENCE INVOKING HIS POA. Sorry for the caps but cannot stress this enough.

Sherry,

You are talking about the wrong POA. Look up a durable POA and you will understand the difference between a springing (what happens if) which goes into effect if they are incapacitated and a durable POA which is basically invalid if the person is incapacitated.

If the person is not incapacitated and it is a durable POA it is the same as the owner signing the agreement.

Bottom line is title insurance will cover this before closing anyway.

Mike,
I would write in the contract that you need to have scheduled times to show potential partners, contractors, insurance reps, etc..

If they will not have it, the deal needs to be REALLY sexy to just take pics and a video of to move it.

You may want to ask what their reasoning is. It may be something you can easily overcome.

Good luck :mrgreen:

Mike, No one here will say it so I will. You should walk away from this deal and find one that will go a lot more smooth. If its this complicated then its not the right deal. NEXT!!