Wholesaling and The Earnest Money Deposit

[Alexandra King]

When putting a property under contract with an Earnest Monday Deposit, is it possible to lose the Earnest Monday Deposit? How do ensure we get it back if we do not find an end buyer?

[Sean Leone]

Just make it subject to your partner's approval. If you have a good deal though; 70% of ARV less repairs and less your profit of course you could walk in to any REI and move that deal by the end of the meeting. Good luck and just ignore the naysayers.