Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

42
Posts
10
Votes
Jonathan Hernandez
  • Investor
  • Pahrump, NV
10
Votes |
42
Posts

How cover EMD with limited money?

Jonathan Hernandez
  • Investor
  • Pahrump, NV
Posted

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?

Loading replies...