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Updated almost 3 years ago on . Most recent reply

Kimberlyn L Moultrie's profile image
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Kimberlyn L Moultrie
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Earnest Money Deposit

Kimberlyn L Moultrie
Posted

I have a deal on the line for 170k purchase, 195k resale, 362k ARV. My issue is that I don't have the personal funds to submit a 5k EMD. Are there any tips or ways to solve this problem?? I really don't want to lose this deal!

Tampa, Florida
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Clayton Silva#4 General Real Estate Investing Contributor
  • Lender
  • California
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Clayton Silva#4 General Real Estate Investing Contributor
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  • California
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How do you currently plan on paying the down payment and closing costs? EMD comes out of those costs once the property closes.

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