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Updated almost 2 years ago on . Most recent reply

Sparkle Carlock's profile image
Sparkle Carlock's profile image
Sparkle Carlock
  • New to Real Estate
  • from Indianapolis, IN
  • Member since Nov 4, 2022
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36
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28
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Sparkle Carlock's profile image
Sparkle Carlock's profile image
Sparkle Carlock
  • New to Real Estate
  • from Indianapolis, IN
  • Member since Nov 4, 2022
Connect
Sparkle Carlock
  • New to Real Estate
  • Indianapolis, IN
28
Votes |
36
Posts
General Real Estate Investing

Let's talk Earnest Money

Sparkle Carlock
  • New to Real Estate
  • Indianapolis, IN
Posted

When dealing with wholesalers or off market properties, is it of the norm for them to require $5k EMD? If so, why? I am just very curious. Being new to REI and still looking for my first FLIP opportunity, I would like to numbers to make much sense, including contingencies, before I put down that much money upfront.

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