Getting a wholesale property inspected before putting on contract

[Ben M.]

I am having a hard time figuring out how to get a wholesale property inspected or repair costs verified by a general contractor before I put it on contract. 

1) First difficulty is finding a good contractor to look at it before it's under contract since the good ones I know wants it to be on contract first. 

2) The second difficulty is what if someone else puts it under contract while I am still having it looked at? I would be wasting the money I paid to have the contractor look at it.

How have others gotten around this hurdle?

[Zach L.]

Hey Ben,

Are you not allowed to have an inspection contingency in your offer? If you can, I wouldn't spend the money on an inspection or anything like that until you can get it under contract with an inspection contingency. Then you have recourse to back out later or renegotiate if the inspection finds problems beyond what your offer expected.

If you can't have an offer accepted on this property with an inspection contingency, maybe this just isn't the best property for you at this time. I know there are some people who are pretty confident in their abilities to spot a deal and close on it without an inspection, but that's definitely outside of my expertise!