Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

39
Posts
1
Votes
Quentin Brown
1
Votes |
39
Posts

Earnest money process question

Quentin Brown
Posted

We are going to start putting in some offers to put properties under contract for wholesaling Now that we have a good buyers list. I'm kind of confused on the process and Hoping to get some clarity. 

When we find a motivated seller and agree upon a price and signing the contract, do I physically give them $100 to $500 in earnest money while I'm locking up their property for 40 days or do I give it to the lawyer office who does the title search?

I'm in Georgia so we use lawyers, not title companies. 

Loading replies...