Tyson Smith explains the inspection period in wholesale real estate contracts. You typically get about 20 days to cancel the deal for any reason without penalty if you can't find a buyer.
Now, a common question people will ask me about this strategy is, "Tyson, what if I can't find an investor to sell this property to after I've gotten it under contract? Am I just stuck with the property and I'm going to have to find a way to pay for it?" And the answer to that is no. In the contract we use, there is a line that gives us an inspection period. The inspection period is usually about 20 days long, and we are allowed to cancel the contract during the inspection period 100% risk-free for absolutely any reason.
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