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Author Topic: earnest money in an option contract  (Read 2238 times)

Offline cknighter82

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earnest money in an option contract
« on: May 15, 2005, 04:07:30 pm »
I am new to wholesailing and trying to learn the ropes before I dive in, my question is how much is reasonable earnest money for an option to buy contract?  I have heard as low as $10 and as high as 5% of purchase price.  Does anyone out there use a certain amount and has anyone had better success using more money and maybe the pros and cons of each.  Sorry if its alot of questions but I enjoy hearing from people that are out there doing this each and every day.  

 




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