How long should an inspection period be?

[Mike Schorah]

I heard that the least you want to do as a wholesaler on a really good day would be 7-10 days. As a beginner, I think that’s way too tight.

Since I’m just starting out, could I do 30? We’re not in a really good market, so I’m not expecting sellers to balk at this. Would realtors have a heart attack?

I heard that the normal inspection period for a retail contract is 10-15 days. I’d like to ask for 30.

If they’re really sloppy properties and they’re a train-wreck and a mess, can I put 90?

[Anthony L Amos Jr]

Quote from @Mike Schorah:

I heard that the least you want to do as a wholesaler on a really good day would be 7-10 days. As a beginner, I think that’s way too tight.

Since I’m just starting out, could I do 30? We’re not in a really good market, so I’m not expecting sellers to balk at this. Would realtors have a heart attack?

I heard that the normal inspection period for a retail contract is 10-15 days. I’d like to ask for 30.

If they’re really sloppy properties and they’re a train-wreck and a mess, can I put 90?

It all comes down to how fast can you put money in the seller's hands. If your competition is closing in 7-10 days then you should aim for that as well. One of the advantages of working with wholesalers is quick closings. Establish relationships with inspectors and contractors beforehand so you can call on them to do an inspection asap.