Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 8 years ago on . Most recent reply

User Stats

44
Posts
18
Votes
Cory Baker
  • Real Estate Investor
  • Phoenix, AZ
18
Votes |
44
Posts

Wholesaling: How do you deal with Non-refundable Deposits?

Cory Baker
  • Real Estate Investor
  • Phoenix, AZ
Posted

Seeking Information:

Some of the other wholesalers have a $3500 non refundable deposit to contract with them.

Is there a simple work around to this?

I think I saw where someone put down a $10 deposit and a clause that the end buyer would take over the obligation as assigned or something.

Can someone walk us through this.

Lots of wholesalers are emailing me now with potentially good deals but the $3500 non-refund, is a bit of a hurdle. 

Most Popular Reply

User Stats

104
Posts
47
Votes
Bill Tyler
  • Investor
  • Arlington, TX
47
Votes |
104
Posts
Bill Tyler
  • Investor
  • Arlington, TX
Replied

Don't deal with wholesalers that have non refundable deposits like that.  Move on and have them remove you from their contacts.

Loading replies...