Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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 10 months ago on . Most recent reply

User Stats

17
Posts
1
Votes
Ken Connors
  • Other
  • Culpeper, VA
1
Votes |
17
Posts

Assignment Agreement Earnest Money

Ken Connors
  • Other
  • Culpeper, VA
Posted

First wholesale deal question.

I've got a property under contract with a $100 earnest money deposit.  I've got a buyer ready to sign an assignment agreement.  I want to make sure this buyer puts down some earnest money to have some skin in the game an not back out and leave the deal in jeopardy.  Would the intent of the buyer's non-refundable, earnest money deposit be on the assignment fee, payable to me, or for a deposit on the purchase price of the house.  Obviously, if the buyer bails, I want to be the one that get's compensated rather than the seller.  

Looking for an some guidance and possibly a sample if anyone is willing to share. 

Thanks in advance for the help.

Loading replies...