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85
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51
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Kyle Swengel
  • Rental Property Investor
  • Tucson, AZ
51
Votes |
85
Posts

What’s a solution for this hoarder house?

Kyle Swengel
  • Rental Property Investor
  • Tucson, AZ
Posted

Hello BP,

I am negotiating with a seller’s family on a hoarder house. The owner is 94 years old and is in assisted care. The house has been broken into several times and has 15+ cats on the property. The one children of the owner have power of attorney who I’m talking to about buying it with, but they all insist that they cannot sell the house until the mother passed away because that’s what they promised her. But it’s a huge point of stress for them and they need help. What’s a creative way to secure this house to either flip or wholesale out? Can I sign a contract with them for a certain price and open escrow with them that when the mother passes away I will get the house? Or maybe do something creative where I keep the title in their name somehow so it’s not technically “sold”? I have a very good relationship with the kids because I’ve helped scare away squatters and kept them informed of things that happen at the house, but I need a creative solution that helps them and helps me too. Let me know what ideas you have! And please be respectful in the comments, much appreciated! 

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