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Updated almost 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.

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