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Updated about 1 year ago,
EMD dilemma when trying to get property under contract
I'm doing a JV with partner who will bring a buyer.
Our dilemma is that we can't get property under contract unless we put down EMD (buyer refuses to sign AB contract without EMD), and we cannot get EMD from buyer unless we show the buyer the property (which my JV partner is afraid to do before we get property under contract).
Is there any solution to this dilemma?