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Updated almost 12 years ago,
Wholesaling and due diligence
Hi! We have our first wholesale property under contract -- it is a quad, and we have several prospective buyers for it. However, we cannot easily get into the quad to show to these buyers nor for due diligence. They require that the tenants have a week's notice. We signed the contract on Tuesday and can't get in until this coming Tuesday. The sellers had a bad experience with a wholesaler and are very gun shy, so we don't want to do anything to mess this up (and requesting to "upset" the tenants multiple times just might do that). We are wondering if it's enough to have an inspection done and to take lots of pictures when we see the units on Tuesday. Will this be enough for our prospective buyers, or should we expect that they'll 1) want to see the inside before deciding to purchase, and, 2) that they'll still want to get inside to do due diligence? We are not exactly sure of the process and expectations of our buyers. Thanks so much for your help!! P.S. This is not a MLS property.