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Updated over 1 year ago on . Most recent reply

Tyyota Germain's profile image
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Tyyota Germain
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Creative Real Estate Financing

EMD [Earnest Deposit]

Tyyota Germain
Posted

Is their any EMD funding for beginner wholesaler? And if not, how can I negotiate the deposit? So far the deposits they want is 5k minimum, I know someone who only put $100 as for the escrow deposit and I'd like to know how to be exact.

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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Tyyota Germain Yeah, the problem is you’re dealing with informed sellers/agents.  If you want the $100 EM deals you need ignorant sellers....off market.

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