How much earnest money for a duplex?

[Adam Pervez]

Hello,

I am working on getting an offer in for a duplex for a potential house hack. I have run into a scenario where a friend of mine who is a real estate investor who is doing well recommend me to put down a good amount of earnest money. 10k-15k... The offer I am putting in is going to be for 185k. A realtor that I am working with says that earnest money is not usually that important but advises to put 1k. I believe that I should put down something to show my seriousness in wanting the property. Based of others experiences in acquiring duplexs, how much earnest money did you put in?

Thanks in advance!

[Conner Olsen]

Quote from @Adam Pervez:

Hello,

I am working on getting an offer in for a duplex for a potential house hack. I have run into a scenario where a friend of mine who is a real estate investor who is doing well recommend me to put down a good amount of earnest money. 10k-15k... The offer I am putting in is going to be for 185k. A realtor that I am working with says that earnest money is not usually that important but advises to put 1k. I believe that I should put down something to show my seriousness in wanting the property. Based of others experiences in acquiring duplexs, how much earnest money did you put in?

Thanks in advance!

 We advise our buyers put down 1-2% for properties in Austin.