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Updated almost 8 years ago on .
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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?