Legality of Approaching homeowner

[Kody Henderson]

I work as a first responder in a hot market. On a daily basis I go into homes of people that would be perfect for creating a list of homes to try and wholesale to local flippers.

My question is...

Are there any legal issues I may run into if I were to contact the homeowners of these homes about selling?

Example: Person at 123 main street calls 911 because they fell down and can’t get up. They live alone or their spouse is unable to assist them. Fire Department shows up picks them up and if not injured people usually stay home.

Hypothetically if I were to write down the address and later reach out to them via door knock, direct mail or call are there any legal issues I might run into?

Thanks in advance!

[Account Closed]

Originally posted by @Kody Henderson:

@Account Closed Thanks. Yeah I figured there might be something along these lines about it. Just for clarification. My goal would be to help them get what they need. Not take advantage of them. 

Understood.

I bought a property in Madison Park in Seattle back in 2002, the guy said he had cancer and was getting treatment at Fred Hutch and needed the money. (Turned out he didn't have cancer and wasn't getting treatment, but that's a different part of the story.) He Turned around and got a pro bono attorney from SU and sued. Why? He wanted more money. Two years of litigation later I won the law suit. This was before the 2008 laws were enacted. 2008 made investing in Seattle and in Washington perilous. I had properties in Magnolia, Madison Park, Columbia City, West Seattle and Fauntleroy. I sold them all. I even sold the ones in Tukwila, Seatac and Burien. I saw what was happening (socialism) in King County, especially Seattle. They hate investors and landlords.

If everything goes perfectly, and it never does, and if no relative EVER complains (even years later) you may be okay. But, how likely do you think it is that some relative won't poke up their head and say they deserved the equity you "stole" from their relative? Investor beware.

Now, Arizona, Texas, Ohio, Indiana, etc places that are sane, it's a totally different matter. ;-)