earnest money

[Tyler S.]

When wholesaling, how much earnest money is best to put down with seller and how much should I take from buyer when assigning my contract?

[J Scott]

Originally posted by Marcel Umphery:

A monetary consideration must be given to bind the contract.

This is a myth. In a real estate sale, the promise to purchase is considered good consideration and no earnest money is required to bind the agreement.

In answer to the OP, you want to put down as little as possible and you want your buyers to put down as much as possible. It's really that simple.