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Updated over 1 year ago,
How cover EMD with limited money?
Hi Everyone,
I'm working on my possible first wholesale deal. I have made an offer and the seller made a counter asking for a significantly higher EMD and a shorter close time. With that said, I'm not working with much money, which is the reason I decided to begin wholesaling. If I have a 2,000$ EMD for example but don't have the 2,000$ to open escrow, how can I fulfill the contract? Can I use the end buyer's EMD to cover mine so I don't have to put anything down to open escrow?