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8 Ways New Real Estate Investors Can Secure an Earnest Money Deposit for an Off-Market Wholesale Property
EMD for Off-Market Wholesale Property Real estate investing can be a lucrative business, but it’s not without its challenges. One of the biggest hurdles that new real estate investors face is coming up with the earnest money deposit to secure an off-market wholesale property. Let’s look at the challenges new investors face when it comes…
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What is an earnest money deposit in real estate?
Do you need an earnest money deposit? An earnest money deposit in real estate is a payment made by a buyer to a seller as a show of good faith and commitment to the purchase of a property. It is typically a percentage of the purchase price and is deposited into an escrow account, where…
