wholesaling getting my first deal

[Carlos Aquino]

after getting a seller on contract does the buyer have to put down earnest money?? and he does where do i send the earnest money or where does he send it to??

[Shaheen Pirouz]

@Carlos Aquino

Yes earnest money is typically, but not always, non refundable on assignments and is used to lock the contract in place. I would definitely continue to educate yourself about the transaction aspect of things in and out because you will get taken advantage of in the wholesale world if you aren’t on your toes.