Wholesaling property without walking through is this possible?

Question

I'm a wholesaler and have a property under contract 8 days ago however; the owner will not allow me to look inside the property of all four units. Only one is open because the boarded up door came a loose. What can I possibly do now, If buyers wants to do a walk through? FYI, the buyer lives in another country, he has never seen the property, bought it site unseen and loss on it. This is actually what the owner told me, by quote, "We got this property because we are the lender and foreclose the property. We are not the expert to to renovate and sell.

Our original loan amount was $180k so we lost money to sell this price  The original loan amount was $180k so we lost money to sell this price."

And he also told me, "I do not think you can access into the property and property only is sold for “as it”

Let me know thanks.

I really think he doesnt have a clue where he put the key and he's not visiting anytime soon.

At this point I'm not sure what to do, please help!

Ned Carey · Answer

@LeAuna Sistrunk sure it is possible but it is a risk. My guess is that it is vacant ask if you have his permission to enter as long as you leave it secure when you are done.  He has basically two options allow buyers access or accept a low price based on an assumption that it needs full renovation.  Those are pretty much the two options you can offer him.

Otherwise follow up in 6 months, when he might be more motivated.

Nuhan Demirkan · Answer

In order to wholesale this property you have to have some idea of the rehab cost so you can properly calculate the profit margin that is attractive to a buyer. Yes, get a locksmith to unlock the doors so you can walk thru and inspect the as-is condition.

LeAuna S. · Answer

I have permission, however could only get two doors open, you think I should get a professional to help me?