Most of them do not flip these properties because after paying down payment, closing costs, attorney fee, appraisal/inspection, holding costs, agent commissions, and transfer taxes, most of these deals don't make financial sense unless they hold onto the property for at least 5-10 years.That being said, most of them have done this to house-hack or use the BRRRR Strategy. 

Rose, usually a longer time line as a middleman, going back and forth to the client, making sure the agent gets paid (negotiating), might have clients that arent used to buying from a wholesaler (hard earnest money, no inspection, etc)Hope that helps!

I can offer you a cash offer with a 45 business day inspection period.

@Paul ZhangAre you talking about a unit you own, and you’re doing a routine inspection, like I do, every 6 months?

I wanted to hear some advice with dealing with the city and why your house didnt pass inspection on the first try and if it did pass what checklist or process do you follow to make sure it passes everytime without hassle.Located in Lansing, MI.

Local inspections, licences?

I have heard HUD inspections, getting certified contractors, appraising, etc. can be an arduous process.

HUD's inspection said everything was OK as far as MEP but recommended a foundation inspection due to an uneven floor.I can go all in and get the whole thing inspected but it's going to cost me about $700 or I can just get the foundation inspected which is $100.

Or do those companies inspect the mechanicals before charging that $50 price a month?

If I were to get the property assigned to me, do I still have opportunity to do inspections and will I have an ability to terminate?