I was listening to a podcast from biggerpockets and heard the phrase earnest money deposit and I was just wondering what exactly that is?

Hey BP community I am new to real estate and I have am become very interested in using wholesaling as an investment strategy. I have currently been looking over several purchase and sale agreements used for wholesale ...

I wrote in the original contract with the seller that I will have a check held at a particular title company.  However, the buyer that I assigned the contract to is using his own title company.  Do I need to worry abo...

I know they say it take little to no money to start wholesaling but my issue I keep running into is everytime I find a good deal they want a 3000 emd deposit and I dont have it starting out. Is the Emd always 3000 and...

what are some MUST HAVE guidelines you would require on a purchasing and sales contract of why you would want your earnest money deposit refunded to you?

Would it be safe to say the quicker you plan on closing, the less the EMD should be and the longer you plan on taking to close, the bigger your EMD should be?

So Cal flippers:::Do you guys put down the standard 3% for EMD or some flat amount like $5K??

As a wholesaler, how do you get the EMD back once your cash buyer has closed on the property?

If I put a offer on a off market property and the seller accepted the offer, and we sign purchase and sales right on the spot. Do I give the seller the earnest money right there?

Hello, I'm purchasing a manufacturing business with real estate included and an earnest money of 10k is required. Being that I'm just starting out and don't have the funds does anyone know of any good sources to use t...