Texas Earnest Money Minimums

[Brad Thompson]

Hey fellow investment experts - I'm looking on a general idea for earnest money when dealing with cash purchases of property for the purpose of a rehab flip in the Dallas area. 

I've heard $1000, $2000, up to $10k...the reason behind the higher amounts seems to be that selling agents don't want investors coming in with a "shotgun" approach and tying up dozens of properties at a time w/ simple option money, only to back out after 30-45 days. 

Can anyone verify this? I'd prefer to have my liquid cash going into rehab costs, and not earnest money. 

Thanks!