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Updated almost 8 years ago on . Most recent reply

Jordon McMullin's profile image
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Jordon McMullin
  • from Rockton, IL
  • Member since Mar 25, 2017
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Jordon McMullin's profile image
Jordon McMullin's profile image
Jordon McMullin
  • from Rockton, IL
  • Member since Mar 25, 2017
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Jordon McMullin
  • Rockton, IL
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General Real Estate Investing

Earnest Money explanation?

Jordon McMullin
  • Rockton, IL
Posted

Hello everyone, So I am new with REI I recently took a class threw clever investor. Got some good knowledge out of that. Just recently found a title agent that will work with me. Im sure ill have more questions along the way, but for now my question is earnest deposit.

Can someone tell me what is a good way to explain to a homeowner what earnest money is, and maybe why I'm only putting in $10-$100 earnest deposit to open escrow.

Just looking for tips/opinions/strategies anything lol, Thanks!!

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