Seller wants 75k through escrow and 75k cash to her

[Account Closed]

So I have a great off-market deal on the line, but have run into a head-scratcher.

The seller owes 75k on the property to a private lender. We've agreed on a price of 150k. However, she's on social security and can't have the price on the contract be for the full 150k, or she would lose all her benefits. She looks to be in poor health and of course I'd like to help her if at all possible.

So here's my question: being a wholesaler, how would I structure this deal? I intended on using a transactional lender to close on the property myself, and then immediately reselling to C buyer in a double closing. But if she wants 75k cash to her and not through escrow, how would I cover that?

I asked her if she would allow me to draw up personal paperwork between us showing that I am paying an additional 75k, due with 5 days of closing.(So I could get paid from the transaction and then pay her the remaining balance) And she said she would want the same day as closing. 

Any suggestions?

Thank you in advance-

Chelsea

[Brandon Battle]

Chelsea Tustison, I would seriously consult a criminal defense attorney before you get yourself potentially into trouble.This old woman has confessed to you that if you help her she will commit two federal crimes,tax fraud and social security fraud.She wants you to pay her cash that she has no intentions of declaring on her taxes and she will continue to receive social security benefits she would no longer be eligible for under the current regulations.If she gets caught in the future guess what,her defense attorney will lay it all at your feet."Well your honor,my client is a sick, old woman who didn't know what she was doing and this criminal wholesaler talked her into it by using a double closing escrow to keep her name off the paperwork and gave her the hard cash."
Maybe I am wrong but,consult an attorney about this plan before you execute the paperwork.I am just trying to protect you.