Certificate of Occupancy for Wholesaling and Double Closing?

[Oren Gordin]

Hi everyone,

I am new to real estate investing and wholesaling. We live in NJ. We are wholesaling a foreclosed property and intended to do a double closing. We got the smoke certification.

What are the requirements for obtaining a temporary CO or a CO when wholesaling. I was told that the seller has to get one and the buyer has to get another one. And then when we sell we have to get a CO again?

Also, we had the inspection done and I was told by the municipality t takes 30 days to get the temporary certificate. Is this the norm?

Any advice or clarification on this topic would would be much appreciated b/c we are confused. 

Thanks for reading.