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Updated about 5 years ago on . Most recent reply

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Wholesaling

Exciting Deal In Hot Chicago Neighborhood

Carolyn Boswell
Posted

Hi All,

I hope everyone is staying safe during this crazy time.

I’m currently negotiating a contract on a 4 unit building in Chicago’s Logan Square/Bucktown neighborhood. This is a very popular neighborhood so I really want to get this contract.

However, seller is requesting $5k in earnest money. Any suggestions on how I go about getting the earnest money deposit?

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Brie Schmidt
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ModeratorReplied
Originally posted by @Carolyn Boswell:

Hi All,

I hope everyone is staying safe during this crazy time.

I’m currently negotiating a contract on a 4 unit building in Chicago’s Logan Square/Bucktown neighborhood. This is a very popular neighborhood so I really want to get this contract.

However, seller is requesting $5k in earnest money. Any suggestions on how I go about getting the earnest money deposit?

 How are you going to buy it if you don't even have the cash for the EM deposit?

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