Circumventing the Earnest money Deposit?

[Angela Carter]

Has anyone found a creative way to either avoid having to put down the EMD or a source who might supply such when dealing with a bank? :idea:

I have a potentially AWESOME deal and need a creative way to get around this obstacle:

There is an REO for 30% below appraised (1k emd needed), no one in my area wants to deal with it (needs work) but has great cash flow potential. My LLC would purchase it from the bank via transactional funding and I will purchase it from my LLC via owner financing for 100% current value. There is a note buyer who will purchase the promissory note from the B-C deal for a discount, which will supply the funds to my flash funder all occuring on the same day. Leaving me at the table with a nice spread after closing costs. HOWEVER, the EMD is causing a major speed bump in the path to victory, as I am not prepared to supply it. Someone once said that obstacles are only excuses and I want to prove them right here.

Can anyone throw ideas out as to where this deposit might come from? All ideas and thoughts are welcomed!