How do you work with drug addicts?

Question

Seller has no money to pay utilities or buy groceries. I’m 99% sure they’re drug addicts. The seller owns the house free and clear. He says he doesn’t want to sell because he has no where to go. He’s calling me asking me to buy him groceries.

How do you help somebody like this?

I’d like to wholesale it or do a seller finance deal with this seller.

How do you help somebody like this?

I’d like to wholesale it or do a seller finance deal with this seller.

JD Martin · Answer

I don't work with drug addicts. That's the best answer. Why would he think you should buy him groceries?

Anyway, you can't help someone like this. You're trying to get a deal from you, he's trying to bamboozle you and string you along on the hope that he'll sell and you'll spend money trying to make it happen like buying him some Twinkies and Doritos.

You should go down the road.

Livia Adams · Answer

I would say don't touch something like that.

Don't try to make money on people that are at the bottom. At least they have their home. If you have them seller their home they will potentially end up being homeless.

Stay away.

Denis Ponder · Answer

In some cases, the juice isn't worth the squeeze; this sounds like it might fall in that category.  If the seller has already told you they don't want to sell and they are asking you for grocery money, this isn't going to go do a very logical path.  Negotiating with people who only live through their emotions is difficult.

Russell Brazil · Answer

Don't. Leave it alone.

Bob Stevens · Answer

why are you even speaking with this person? Move on

John Ojo · Answer

I know this is a tricky situation. My first thought was, "You don't," but if you are really committed to getting this deal done. I would say proceed with caution. Depending on their level of addiction it may not be worth it. You must asses if they are they the weekend weed smoking warrior or are they number 1 customer from Breaking Bad.

The groceries may be a test to either see what you are willing to do or a test to see what you are willing to do.

Personally, I have lost a deal to someone who did the extras like groceries, payrolls, rent a storage container. You must calculate the risk as for that individual it may mean the world. Since the seller is worried about having nowhere to go, that presents a different issue. Are the working? You may not want to do a seller financing deal as I can see that blowing up. However, check on their support system and just be ready to bail if it gets to weird.

A suggestion could be help them find temporary housing, such as a rental or a motel, and possibly cover the first month’s rent. ***If there is enough money to be made. This addresses their primary concern. For the deal itself, we have two options: seller financing or wholesaling. With seller financing, I personally feel that would be to risky as they may becoming back for more after that magical month runs out. I would look to Wholesale and sale quickly.

You can get creative with the terms and even throw in some real care like if they attend classes or group then X.  Throughout this process no matter who they are or what there issue is,  stay in touch with the seller which keeps everyone eye to eye and builds trust.

Theresa Harris · Answer

Why not just buy the house from him (not wholesale, but actually buy it)?  Have all the paperwork signed and once the house closes, he can move into a hotel until he finds a place to live.  Don't make his problem yours.

Bruce Woodruff · Answer

I would not do any business with a druggie. You'll just regret it. Not only is there an brain addled person, but the drug issue shows their character as well. It takes a lot of bad decisions and more than a few character flaws to get where he is.

Just move on to the next one.

Bruce Woodruff · Answer

This ^^^^^ It is just not worth it. Why would you even consider dealing with a druggie? For money...that's your only reason, Don't let greed screw you up, just find another house that's a deal. There are millions of them out there. Again, don't let your greed get the better of you.

How do you work with drug addicts?

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