Updated almost 6 years ago on . Most recent reply
Apartment Earnest Money Amount
Fellow investors, how much earnest money is typical for $1.5M-$4M apartment building? If it depends, can you give few cases?
Thank you in advance.
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Todd Dexheimer
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Typically around 1%. To make it a stronger offer you can go with a larger amount and have it non-refundable day 1 or within a short period of time.