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Wholesaling
HomeForumsWholesalingWholesaling - Earnest Money Deposit (EMD)
Kyle Simmons's profile image
Kyle Simmons's profile image
Kyle Simmons
  • Real Estate Agent
  • from Alexandria, VA
  • Member since Jun 8, 2017
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Kyle Simmons's profile image
Kyle Simmons's profile image
Kyle Simmons
  • Real Estate Agent
  • from Alexandria, VA
  • Member since Jun 8, 2017
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Kyle Simmons
  • Real Estate Agent
  • Alexandria, VA
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Wholesaling

Wholesaling - Earnest Money Deposit (EMD)

Kyle Simmons
  • Real Estate Agent
  • Alexandria, VA
Posted Jul 14 2017, 19:51

I have a question(s) regarding EMD:

How much should I ask for from a potential buyer? (I heard that 1% - 2% of the purchase price is ideal).

Where does the earnest money go, when all is said and done?

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