Updated about 10 years ago on . Most recent reply
What's the MF equivalent of $1 in earnest money?
In the MF culture, what is the absolute lowest earnest money that won't be rejected out of hand? There are a number of reasons I want to go this route on a deal... Thanks!
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I buy 100 to 400 unit deals and I usually do 1% of my offer price. If I really want the deal I may increase it.
The multi family space is very comparative so if you try to low ball, the seller won't take you seriously.
It is definitely a balancing act as you want to put up as less money as possible so you get control of the property.