Had a lady call me yesterday she has a house that has no mortgage on it.

I met one tenant, great lady in her fifties, been there 2 years. other unit rented to younger man, and seems to be a very clean person.

The owner just got a quit claim deed last week from the little old lady he and his wife cared for the past 3 months and she died yesterday.

I found a lady who is really motivated to sell her house...Started crying since she grew up in the house but cannot afford to keep it any longer since she hates being a landlord...she inherited the house from her dad, so I was thinking about getting it under contract for a wholesale but turns out I really liked the area and rents go for about $650-$700 for a 2bdrm 1bath so I decided to take a trip to my local credit union to see if I can get a loan.

Today I met with a charming and intelligent lady at her sisters house.

I don't know if First American Title Co has an issue with me flipping the property, but it doesn't sound like this lady really knows either.

Last I hear the lady plans on living there forever.

In some court cases the deals have been found to be illegal.As an investor it is almost always a bad idea to rent back to the person who sold the house because they could not afford it.This lady is likely to not be able to buy the house back for the higher price if she could not get a loan to refinance before.A slow burn nightmare for her and potentially a legal nightmare for the lender.

For the last 2 years, my parents have been in my ear regarding this business and continue to push me to look into it- I of course didn't want to deal with it.Fast forward to yesterday- I listened to one of the latest BP podcasts (#359) and they had a young lady who opened up a assisted living facility in Northern California.

My first reaction is to reach out to the local housing authority and get her to apply to the wait list for Section 8 and Public Housing but the average wait is very long and this lady NEEDS out of this house.