having someone putting down the earnest money deposit and splitting the fee
is it possible that someone would join you and put the earnest money deposit down on a property to get under contract if you don't have the money and the two of you could split the fee. How does this work and does anyone have any experience in this.
Most Popular Reply
Absolutely, I've done this many times. Do exactly what you are saying. I'm sure it would have to be a close friend or relative that will trust you. Make sure they also know that it is a risk and they could potentially lose the deposit if you can't sell the deal. Try to keep the deposit as small as possible to keep the risk down. When it sells collect their deposit back and split the wholesale fee, you do all the legwork, everyone's happy.