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What If the Seller Wants an Earnest Money Deposit? (and You Don’t Have it)

By |Categories: Real Estate Wholesaling Fundmentals|Tags: , , , |

If you’re dealing withe the right sellers, then  they’re not going to ask for an earnest money deposit in most cases. By the “right” sellers, I’m talking about MOTIVATED sellers, the ones that NEED to sell their house. The instances where I’ve seen sellers ask for earnest money is [...]

How Much of a Binder Deposit Should I Give?

By |Categories: Real Estate Wholesaling Fundmentals|Tags: , |

What amount of money can you use as a "good faith deposit" to hold the Property under contract? Lucky for me, I live in the Sunshine State of Florida, and $0.00 is required to make a real estate contract enforceable.  Therefore, I offer $0.00 as a binder deposit on all [...]

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