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Updated over 7 years ago,
Close To Closing First Wholesale Deal
I have a property that will go under contract tomorrow as is. My concern is the EMD. She's asking for $7,500 and I don't have that right now. It's worth $200,000 but I got it for 35k under the retail. The house seems like it's it's in good shape with only cosmetic work needed like flooring, installation of appliances, closet doors, and a big clean up. What should I do about EMD?