Wholesale Deal Trouble

[Lekisha Cole]

I have a wholesale deal I'm trying to close but the seller is asking for a 2% deposit to hold the home. I don't have the 2% to give him and I never knew that I had to give the seller that much of a deposit for him to sign the purchase and sell agreement. What can I tell him for him to sign the contact without any money down?

[Wayne Brooks]

Probably nothing you can tell him to change his mind.  Apparently, he's no dummie, which is generally what you need to tie up the property with no decent EM.