Hello,

I have a question about something I've never done before, a wholesale flip. I've bought fixer's before, remodeled then sold or kept as rentals but I'm not at all familiar with this "wholesale flipping" concept. I currently own three residential properties with a total of six units, all rented. I used to be a mortgage broker and was much more aggressive when I was younger. Now I am old and cautious, haha. I just learned - from my pest control guy, about a home with motivated sellers!  The woman living there is the original owner and advanced in years. Her kids want to sell. The public records show the house was listed for Zillow's full estimated value twice in the past year. It never sold. My guy said it's being over run with rats which leads me to believe that it probably needs both structural and cosmetic work, inside and out - although from pictures, the roof looks good. It's in an excellent neighborhood. I would love to buy, fix and flip or even better, hold this property as an investment but I've got too much on my plate already.  

- How do I find someone to offload this house to that I can trust? Someone who won't find out where it's located and just go over my head? 

- How do I lower the expectations of the owners children (they are adults) after the previous agent listed it at Zillow's full estimated price - despite the fact that nothing has been done to the house since their father/the widows husband died some years back. This is clearly a fixer, as should be obvious by the massive rat problem , two recently failed escrows and all the deferred maintenance.

Thank you!!  I look forward to hearing from anyone with a word of advice!

Julia Hagen