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Updated almost 7 years ago on . Most recent reply

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134
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Dylan Barnard
  • Rental Property Investor
  • Justin, TX
57
Votes |
134
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Seller is Refusing Showing and Inspection. Walk away?

Dylan Barnard
  • Rental Property Investor
  • Justin, TX
Posted

Good afternoon. I am currently working with a wholesaler on potentially buying a duplex in Denton, Texas, a college town. The wholesaling company had someone walk through and is confident there is nothing major wrong with the property. However, when we asked when we could go see it or get an inspector in there to make sure it is in good shape, the rep we are working with said that the seller absolutely refuses to let anyone in to see the property, even for an inspection. 

This is me and my girlfriend's first rental property purchase, and we are obviously turned off by the fact that we can't see it. My questions to the BP community are:

1. Is this a common thing with wholesale deals? Are you just supposed to trust the wholesale company's word?

2. The numbers make sense. The property has the opportunity to cash flow very well, but my gut is saying walk away and move on to the next one. Is that the right move?

Any advice or commentary would be great.

Most Popular Reply

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Replied

Trust is not a part of doing business.

Without an inspection you definatly walk away unless you have built in the worst possible scenario into the price. Worst possible being a 100% reno.

Trust...that's funny.

As your first deal definatly walk away.

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