wholesaling questions?
I was wondering how you get out of paying the appraisal and inspection fees when flipping properties? I would think a potential buyer/investor and the lender would want to know this information before closing the deal. 
Why do you need to pay for these if you're just flipping the prop. If your buyer/investor is interested enough and depending on the prop. they'll pay for them. If it's a preety house you'll basically want to get comps. for the area which should give you an idea of what it'll appraise for or what it's worth. You can do a general inspection of the prop. yourself. It's either a preety hse in a nice area or it's a not so preety hse. or it's a piece of "Oh my" is this a house? For some, the uglier the better.
I never pay for an inspection. Are you going to shell out $200.+ everytime you find a hse you're interested in? and then another $200. + for an appraisal? I don't think so. Learn how to do a preliminary inspection and how to get a general ideal of what it's worth as is and after repairs if any are needed.
Clif. [ Edited by pbodys on Date 04/30/2003 ]
Also you don't want to necessarilly close on a flip. to much closing costs (not appealing to your buyers). you simply want to have a contract on the hse and assign it. Then let you buyer/investor take over from there.
Clif