No Interior Access Allowed - Now What?

[Keith Palek]

New investor here... I have signed a contract for my first investment property.  The property is bank owned, being sold "as is" and is tenant occupied.  I had planned to buy it with a conventional loan and 20% down.  The bank/seller gave me 7 days for inspections.  The tenants have advised me, through the Real Estate Agent, that I will not be permitted interior access for inspections or an appraisal (if one is needed). I just canceled home and termite inspections that were scheduled for tomorrow. Is this allowed? If so, what other options would you suggest? If nothing else is possible and the bank will not approve the loan, what are some other financial options people have used? Hard money lender? Private lender? How do you go about finding such services?  Any help and/or advice is appreciated.  Thank you!

[Odie Ayaga]

If you have an inspection contingency and you aren't allowed to inspect I'd think very strongly about backing out. As a new investor you don't want to take on that kind of risk