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Updated about 6 years ago on . Most recent reply

Doug Orchard's profile image
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Doug Orchard
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  • from Tacoma, WA
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Doug Orchard's profile image
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Doug Orchard
  • Specialist
  • from Tacoma, WA
  • Member since Sep 17, 2016
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Doug Orchard
  • Specialist
  • Tacoma, WA
30
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Wholesaling

Ernest Money Strategy

Doug Orchard
  • Specialist
  • Tacoma, WA
Posted
I have a very limited budget and want to make many offers how does one deal with the earnest money?
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
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  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

I usually only put down $10,000--but I am NOT playing games and making offers on properties I cannot afford nor have the intention of closing on. 

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