Should I just fix it and take the repair cost out of her deposit when she leaves?

When you do rent these properties the underwriter will want evidence of the tenants deposit so keep a copy of the tenants deposit check and a paper trail into your bank account and a copy of the signed lease agreement.

Is it really worth ALL that just to keep a deposit??

Kramer Darwish et al was upheld on appeal:The court ruled in favor of respondent and issued a judgment ordering “Barbara Kramer Darwish and David Darwish” to “specifically perform pursuant to the parties’ written Real Estate Purchase Contract and Receipt of Deposit agreement, dated February 5, 1998, and . . . sell the Property . . . to [respondent] within ninety (90) days.”Real Estate Analytics LLC v.

an earnest money deposit isn't required but most sellers will take your offer more seriously if you have some skin in the game.

Sandwiched lease option: Bring in home owner and find them a tenant buyer, buyer pays me the deposit, keeps the property for 2 yrs, but decides to not to refinance out.

I wrote the contract up for the his price, and he responded saying that he wants a $10K Earnest Money Deposit, with a $6K Option period fee for "holding costs" for the month I'll be wholesaling it.My question...Is it common for a wholesaler to put down a $10K EMD, with a $6K Option period fee, if I'm not even the guy who's going to rehab the property?

Novice question - If I have a deposit down on a property through a real estate contract and am in the process of securing a loan with a finance company, with the loan application submitted and being evaluated, can I tell the loan company that I've changed my mind?

My check from the title company was $16,000, plus the $1,000 deposit from the buyer, means that I made $17,000 on my very first deal.

We have to be able to verify 12 months or more of income deposits before we are going to include it.