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Updated about 10 years ago on . Most recent reply

Gloria Dulan-Wilson's profile image
Gloria Dulan-Wilson's profile image
Gloria Dulan-Wilson
  • from Philadelphia, Pennsylvania
  • Member since Aug 9, 2014
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Gloria Dulan-Wilson's profile image
Gloria Dulan-Wilson's profile image
Gloria Dulan-Wilson
  • from Philadelphia, Pennsylvania
  • Member since Aug 9, 2014
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Gloria Dulan-Wilson
  • Philadelphia, PA
5
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28
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Starting Out

How do you handle "good faith deposits" to hold a property

Gloria Dulan-Wilson
  • Philadelphia, PA
Posted

Have a single family property I'm looking to purchase - it already has a tenant and good cash flow; the realtor is not investor friendly and is demanding a $1000 good faith deposit, which I do not have - I'm working on getting a private lender. How do I handle this if the agent won't present the offer without a "good faith" or "earnest money" deposit?

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