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

Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
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

Updated over 9 years ago on . Most recent reply

User Stats

44
Posts
18
Votes
Cory Baker
  • Real Estate Investor
  • Phoenix, AZ
18
Votes |
44
Posts

Wholesaling: How do you deal with Non-refundable Deposits?

Cory Baker
  • Real Estate Investor
  • Phoenix, AZ
Posted

Seeking Information:

Some of the other wholesalers have a $3500 non refundable deposit to contract with them.

Is there a simple work around to this?

I think I saw where someone put down a $10 deposit and a clause that the end buyer would take over the obligation as assigned or something.

Can someone walk us through this.

Lots of wholesalers are emailing me now with potentially good deals but the $3500 non-refund, is a bit of a hurdle. 

Most Popular Reply

User Stats

104
Posts
47
Votes
Bill Tyler
  • Investor
  • Arlington, TX
47
Votes |
104
Posts
Bill Tyler
  • Investor
  • Arlington, TX
Replied

Don't deal with wholesalers that have non refundable deposits like that.  Move on and have them remove you from their contacts.

Loading replies...