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.
@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.
I have many investors who have zero EMD. At the end of the day, the EMD amount is whatever the seller is willing to accept, it is the contract between the principals and whatever the principals agree to is what happens.
@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.