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Updated over 2 years ago,
What kind inspection period to include with wholesale deals?
It seems to me like you'd need most importantly time to find your buyer, if you don't ideally have one ready with cash in hand at all times waiting for you to call them regardless of what you have, in which case however long you expect to take to get a buyer to decide they're interested you'd need to stipulate your inspection period AFTER that point. So when I hear/read people talking about about 7-10 day inspection periods it seems close. As a beginner I would imagine an inspection period no shorter than 15 would be sufficient. Is that too long?
... Which has got me wondering if the wholesaler should take care of the inspection. Does anyone do that? For one, they wouldn't have to worry about waiting on a buyer to come in on time to get that done, and it would also make the proposal to the end investor buyer more attractive to jump on. Or do too many experienced investors skip inspections anyway? Does anyone do this?