Ask Ron: Earnest Money Deposits

991 views · Published 5 July 2012 · 2:15 · Indexed 30 October 2026

Channel: Ron LeGrand · 2012 · Education

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Mary Ann Nunez asks Ron:

Hi, my name is Mary Ann and where I live in California, houses sell for $300-$400k  ARV.
If I want to do an assignment of contract to a buyer/rehabber, I know you say to ask how much the buyer can put down and pick the buyer that can pay the most and close the quickest, but can you give me an idea of what you would want for the earnest money deposit from a buyer for let's say a house I would wholesale for $300k to the buyer? Thanks.

Mary Ann


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