DEAL ON THE LINE - Deposit question!!! HELP PLEASE!
Thank you in advance for any help you have to offer.
I found a motivated seller, and I'm sending him an offer contract tomorrow.
Here's my question. Normally, do wholesalers give the seller a deposit? (To the title company, correct?)
If so, let's say I can't find a buyer. Do I lose my deposit?
Thank you all.
Most Popular Reply
That is what give honest wholesalers a bad name yes gives the seller 10 bucks tie up the home for 30 or 60 days and put a ton of weasel clause, and if you cannot find a buy just screw the seller and move on to the next deal. One day, you will look in the mirror and the only person you will see is yourself because no one will trust you or work with you.
My 2cents,
Joe Gore