Earnest Money Policies
Hey BP,
I am looking at deals from wholesalers in Indianapolis. My objective is to buy and hold, achieving as close to a BRRRR as possible, but with class A- SFH assets.
My question to the community is this: does anyone (everyone?) really put down a $2,500 non refundable deposit when they make their offers?
I’m feeling pretty gun shy about doing that before having a title search. What if there is a large lien outstanding against the property?
How non refundable are non refundable deposits?
What is your average EMD, over your last 5 deals?
Am I over thinking this?