Fix and Flip a owner financed with a Power of Attorney

[David Roe]

Sound like a rat trap, but I know there’s a way. I have my money tied up in another deal right now and this deal came up.

I found a property my Broker brought me that's off market and is his Brother in-law's Mothers house. She got placed in a retirement home and he wants to sell the property, the brother in-law has a POA to sell the property. It needs rehabbed and will probably take 20-25k to update the house and has an ARV of 130k. The brother in-law wants 70k for the place, as an easy quick flip I would be happy making 20k off it but I'm not posting about the deal itself but instead leverage of acquisition of the property.

Can the POA holder seller finance me the property for a few months to allow me to rehab the property, list it and sell it? In my mind I see this more as a partnership/operating agreement to partner with the POA and he does nothing, I rehab the house and list it and sell it while he just allows me to do the work, signs the paper work at closing collects his 70k at closing while I collect the 60k, and out of that I pay back my cost and pay the listing agent.

Am i missing a better way to do this?