All Forum Posts by: Vincent Coney

I guess I'm a little frustrated because its my first wholesale deal and if it was a grand slam like $10-$15k I might consider it but I just think that its not like her property is going to be tied up for a long period of time. 30 days. I could put up $10k, it doesn't guarantee that the deal is going to go through. Its a wholesale deal no bank no realtor no nothing if that was the case she should just go through a realtor and deal with all the fees and time that come with that. Just looking for some advise on how to overcome this objection if possible. 

I have potential wholesale deal on the table. Its a multi unit that was appraised at 106k and me and my partner got her down to 82k. We have a potential buyer lined up that is willing to take off our hands between 88-89k. This would be my first wholesale deal. We sent her a basic contact that listed the earnest money etc. She sent the contract back as a total revision. She obviously got her attorney involved. Our biggest gripe is she didn't like that we put $10 in the earnest money category. She said that is not a true deposit and she said it should be $1000. I'm not willing to put up a $1000 especially on my first deal. How should we deal with this objection ? Any help would be appreciative.