Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago, 05/16/2015
Owner asking for $5000 down payment
I have a question: I am attempting to get a property under contract with the seller to wholesale to another investor. The seller is asking for a $5000 down payment from the buyer before going through with the assignment of contract. I know $500 to $1000 in earnest money is usually okay when dealing with investors, but I think $5000 is excessive.
She knows that I deal with investors, but I think she is thinking in terms of dealing with an end user buyer (someone who will live in the property)
Like to know your thoughts.
Thanks