Who does my earnest money go to when I am assigning the contract over to another investor, to the seller or to the title company? And how many days should I put on the contract for me to find a buyer to assign the contract?
Thank you.
Option goes to seller. Earnest goes to title or a lawyer who will hold the funds in escrow. Put as many days as possible. Each market is different in what’s acceptable.
earnest money goes in an escrow account.
how much earnest money are you putting down for each deal?