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Updated almost 12 years ago on . Most recent reply

Steven Velez's profile image
Steven Velez's profile image
Steven Velez
  • Real Estate Investor
  • from Pompano Beach, Florida
  • Member since Jun 2, 2014

User Stats

38
Posts
14
Votes
Steven Velez's profile image
Steven Velez's profile image
Steven Velez
  • Real Estate Investor
  • from Pompano Beach, Florida
  • Member since Jun 2, 2014
Steven Velez
  • Real Estate Investor
  • Pompano Beach, FL
14
Votes |
38
Posts
Buying & Selling Real Estate

Wholesaling Ernest money

Steven Velez
  • Real Estate Investor
  • Pompano Beach, FL
Posted

Hey Everyone,

I am interested in starting in wholesaling, I'm kind of stuck on the Ernest money part and was hoping you could better inform me. When I get a property under contract is it always necessary to put down an Ernest money deposit? If I do put down an EM and don't have a buyer within time, is it possible to retrieve it or is it lost?

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