Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
First Wholesale Deal
I have recently got my first deal under contract and just got an offer from a rehabber. The offer has a 3 day due diligence and $1000 ernest money to be held by his closing attorney. Do i need to get the the money made out to my company as a nonrefundable deposit? I believe the other wholesalers are asking for a $2000 deposit. Do I need to have him sign my contract ILO the buyers contract he has sent over?