Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

2
Posts
1
Votes
Macy Parker
  • Flipper/Rehabber
  • Upper Marlboro, MD
1
Votes |
2
Posts

Wholesaling REI and Earnest Money

Macy Parker
  • Flipper/Rehabber
  • Upper Marlboro, MD
Posted
I am in the final stages of writing my contract for my wholesale deal (I meet with the sellers to sign tomorrow) and I just want to make sure this is 100% without a doubt right. So, I have it written in my contract that the EMD will be credited to the escrow account at my title company FOLLOWING the 20 day inspection period. When marketing my contract for assignment, can I then use the non-refundable EMD that I require from my end-buyer to then fund the EMD promised to my seller following the inspection period? Does this effectively buy me time to fund the EMD at no cost out of pocket?