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Updated almost 9 years ago,
Asking for a non-refundable EMD for co-wholesaling a deal
Question for Wholesalers,
I have an option agreement I want to have signed between a wholesaler and I, to protect me in case the wholesaler sells the property (they have under contract), without letting me know in advance of going into escrow with a buyer, and that they have done so. I do not want to collected an earnest money deposit from my buyer, with no property to co-wholesale.
Do any of you ask for a non-refundable EMD to co-wholesale a deal with another wholesaler?
Thanks for your time.