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Updated almost 7 years ago,
Seller is Refusing Showing and Inspection. Walk away?
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.