Earnest money: how does it work if you’re making a lot of offers?

[Matt F.]

Hello, newbie question here — if you are using a strategy of making numerous offers knowing that maybe only one or two will be accepted, how do you approach earnest money?  Are you still proving earnest money with each offer?  

Any info is appreciated. Thank you for your help!

[Justin Frank]

@Matt F.

EM deposits generally aren’t due until offer is accepted by the seller. If you are putting in multiple offers I would be prepared to provide the EM if any or all of your offers are accepted. As stated by folks earlier, I wouldn’t be putting out offers that you can’t afford to do and/or don’t want to do if that offer is accepted.