Best way to wholesale this property?

[Jarod Rotolo]

I've a property im working on, here are the details:

Type: SFR

Sqft: 1000

Year Built: 50's

ARV: $55k

Repairs: $25k

Mortgage: $0

Status: Vacant

I need some insights on this one. 

Owner isn't able to be present to sell home and has signed a quit claim deed to his son so that his son can handle the transaction for him. The father has unpaid child support and back taxes to contend with.

The son hasn't submitted the deed to the clerk or courts to be processed because he is afraid that he would be liable for those taxes or child support (if there are any liens) if he did so. I've informed him that wouldn't be the case because the liens would prohibit the transaction from going through if there are any.

My due diligence tells me there are back taxes for 2 years due and that a bank purchased one of the certificates. The owner has until April of 2016 to resolve the liens before the bank can foreclose on the property.

My plan of attack was to market it as a wholesale deal for about $18k and resolve the lines if they come up during title encumbrance check during closing, thoughts as to a better strategy or as to why this isn't a good idea?

Thank.

[Michael Le]

So you want to sell it for $18k to a rehabber. They'll put in $25k to fix it up. They'll pay the back taxes. And then can make $2k after commission and closing costs? I don't understand what the thought process on this.