Wholesaling/Earnest money deposit????
I just put a property under contract in south philly today. On the purchase contract with seller I stated that Earnest money deposit would be 2500 to title company . When I find my end buyer, is it ok for me to make the earnest money deposit for end buyer 5k? Or should I just keep it at 2500 for end buyer? Also if the end buyer backs out where does that earnest money go??
Thank you.