How long can I keep a house under contract so I can find a buyer?

[Klyde Waggsdale]

I found a house that I might want to try and get under contract and then wholesale. About how long do I have to find a buyer from when I get the house under contract to when I the buyer is going to want me to close? I want to make sure that I have ample time to try and find a buyer. If I don't find a buyer I will just give up my earnest money and walk. Thanks for the help!

[Curt Davis]

Are you trying to lock up bank REO's are FSBO homes?

If your working with fsbo its easy, you can lock up a home with little to no money down. If your dealing with a bank you will need a POF letter and a minimum of $1,000 in EM.

If DemosL is not putting down any EM he is most likely working with the actual owner of the home. Most home owners are not smart enough to ask for earnest money or actually make sure you are actually going to buy it and not flip it.