Hello everyone,
I'm a newbie wholesaler who is doing this as a side hustle remotely. I'm currently looking for distress properties to skip trace the owners with hope of getting my first wholesale deal.
This is my issue, there is a part of the wholesaling process that is not clear to me, it's the process or steps after the property is under contract with the seller and before you get to the closing. I think it is refer to as the (inspection period)
1. What should I be doing during the inspection period, especially operating remotely?
2. How long should the inspection period last for?
3. How can I get the property inspected or who is best suited to perform the inspection on the property?
4. How do I know if the inspection results/feedback is accurate?
5. What should I do with the inspection results/feedback (if there is anything for me to do)?
6. Do the inspection results/feedback have and impact on the contract with buyer (if yes, how that is handle)?
7.How the payment for the inspection is been made (if any)?
8.Who pay the closing cost when using an assignment of contract in New Jersey?
I need your help.
Kindly advise me on the right path.
Thank you!
Newbie virtual wholesaler.
