Earnest Money for Multifamily

[Dennis Johnson]

Evening Bigger Pockets family,

Working on a deal and ran into an issue, after a month of working to get signatures for the PSA finally but now the issue is the individual that state they would put EM is out of the country. Anyone recommend a possible solution to keep from loosing the deal.  For the next opportunity we will put the money in a bank account to avoid this issue.  

[Tj Hines]

@Dennis Johnson go find someone else who would be willing to put the EMD up! Give the carve out of the GP percentage. Include them in all the cash flows including the LP side. and include them in all the fees the general partner receives. Good luck