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Updated about 10 years ago on . Most recent reply

George Courtney's profile image
George Courtney's profile image
George Courtney
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Jan 7, 2010
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George Courtney's profile image
George Courtney's profile image
George Courtney
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Jan 7, 2010
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George Courtney
  • Real Estate Investor
  • Los Angeles, CA
5
Votes |
59
Posts
General Real Estate Investing

Bypassing the Earnest Money Deposit

George Courtney
  • Real Estate Investor
  • Los Angeles, CA
Posted

Hi Guys,

What are the best ways that I can bypass submitting cash dollars and etc. for the Earnest Money Deposit suggested by a realtor in order for my offer to be seriously considered?

Many Thanx

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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Most people want to avoid putting down EM b/c they are broke or new to investing. This will never fly if your trying to buy bank REO;s. Now you can get away with it if your dealing with distressed owners. Tell them you will put down $100 in EM but it will be held with your closing company.

Good luck

  • Curt Davis
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