Wholesaling a deal with violent felon - what would you do?

[Kristin Whitaker]

Hello all,

Searched the forums with quite a few different keywords but didn't find any discussions similar to this.

I've come across a deal on a rural property, numbers are great.  Not a bad area, probably B-.  Just rural.  Homes selling on the high end for the region.

The owner wants to get rid of the property because he's let his sister live there who is married to a violent criminal with 17 assaults on his record.  Last time owner was at the property, husband answered the door with a gun to his face. 

So needless to say, I will not be touring the house or property.  Number is low enough that I don't feel like I have to anyway.

There is no written lease in place.  Owner says they are "squatting."  92-year old father is also there "squatting."  

My plan is to wholesale, but I can't really show any potential buyers inside.  I don't really want to pass this problem of a violent (and now even more pissed off) criminal on to any of my buyers either.

What would you do?

Pass on the deal?  Tell the owner to get rid of them THEN we can make a deal?  Go ahead and get it under contract and try to find a buyer anyway?  And the elderly father issue - kinda feel terrible about possibly kicking him out of his home at 92 years old..   

Gut tells me to walk away but I know there's a way to do this and make (almost) everyone happy.

Thanks for any insight!

Kristin

[Mike Hicks]

I would pass. Not worth my safety to deal with an issue like this. However if I was the homeowner and knew that the felon owned a gun and wanted him out, I would call the police and tell them that I knew a gun was in the house and a felon living there. easy enough way to get him out.