As a wholesaler, what kind of inspections should you have done?

Well done :) I'm a big fan of apartments, so as you move closer to your RE goals, let me know how I can help!

Haven't done any further inspection yet.

I'm now suddenly needing to move to be closer to my job, in the Seattle/Bellevue area.

For the last 15 years I have inspected homes owned by investors wondering everyday why I am not investing myself.

I'm wondering the following:1) Can my end buyer funds be used to close on A&B part also;2) Since HUD property can not be assigned, and double closing is necessary is there a time period before re-sell to end buyer.3) The electric is off at property, so is it necessary to have electric turned on for end buyer to have their inspection, or should I stipulate that property is sold as is and property electric will not be turned on for this inspection, but only when the property is sold to buyer (end buyer made offer before inspection of property)4) Any feedback would be helpful.

RE as an asset class, the way it is done by most here, is more than an investment and is closer to a business.

Over marketed property at a inflated price will not sell unless the seller comes down and the market catches up closer to their price.The question you have to ask yourself as an investor is " How much time and energy and resources will I have to use to try and find a buyer at an almost market price for a property?

Matthew,This may be an idea to help get the process closer to your goals.First, know the game and the rules of the game.

All in all though, think we raked in a solid deal.Please review my numbers and let me know how I did.Purchase price: $92,900 (all cash)Closing costs: $1,800 (inspection, survey, etc)Renovation costs: $22,000Holding costs: $1500 (utilities/taxes/insurance)ARV: $160,000Closing costs: $8000 (realtor commissions)Net Profit: $33,800!