Property Inspections for Fix n Flippers
Do Fix n Flippers usually buy property inspections before moving forward with a wholesale deal? I've heard mixed responses. If not, why not? And if so, what's the best way to accomplish this logistically? I have had some trouble scheduling between inspectors and wholesalers due to various factors such as contrained times to visit, houses still being occupied, fast closing times, etc. What are some general recommendations or tips? Thanks a lot in advance!
Most Popular Reply
Joe,
Most flippers dont get full inspections on wholesale deals they move too fast. Good deals go quick, and wholesalers wont wait around. Plus, these properties are usually sold as-is, so an inspection wont change much.
What experienced Flippers Do Instead
Bring a Contractor Instead A 15-minute walkthrough with a good contractor will tell you what you need to know.
Know Your Numbers Upfront If you price in a repair buffer, minor surprises wont kill your deal.
Use the Inspection Period (If Allowed) Some wholesalers offer a short due diligence window use it wisely.
When an Inspection Makes Sense
If you’re new and not confident in spotting costly repairs.
If its a high-end deal or potential structural issue.
If your lender or partner requires it.
If you do need an inspection, find an inspector who moves fast and work directly with the wholesaler to coordinate access. But honestly? Most flippers skip the inspection, move fast, and trust their numbers.
Hope that helps whats your strategy right now?
-Tyler