Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

16
Posts
1
Votes
Alicia Mccormack
  • Kissimmee, FL
1
Votes |
16
Posts

Dealing w/ Realtors

Alicia Mccormack
  • Kissimmee, FL
Posted

Hello,

I was just wondering how do new wholesalers starting out deal with realtors who want a lot of earnest money upfront like 10k and higher?

Thanks in advance,

Alicia M.

Most Popular Reply

User Stats

1,374
Posts
913
Votes
Adrien C.
  • Property Manager
  • Griffith, IN
913
Votes |
1,374
Posts
Adrien C.
  • Property Manager
  • Griffith, IN
Replied
Originally posted by @Alicia Mccormack:

Hello,

I was just wondering how do new wholesalers starting out deal with realtors who want a lot of earnest money upfront like 10k and higher?

Thanks in advance,

Alicia M.

 They want crazy high EM because they know you are just locking up the property to find a cash buyer and want recourse when you can't and back out 30 days later. 

Try to find properties not listed to wholesale. You need cash and experience to wholesale a listed property. 

Loading replies...