Learn

New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

Investing Strategies

Wholesalers: Should You Get Earnest Money on Your Assignments?

Want our step-by-step formula for flipping houses from your cell phone? Get it here.

(Note: Want the best system for fixing and flipping houses in the world? This brand new report exposes our step-by-step formula for wholesaling houses site-unseen in ANY area of the country … all from the comfort of your cell phone! Learn more.)

moneyHey guys, this is JP Moses back again with an important lesson that I want to share with you. It’s important because it has caused us to change our company policy based on this one fact. It’s worked for us, and quite frankly, it can apply to all of you who are reading this.

This has to do with how we get earnest money deposits from anyone that we assign a deal to. This means anyone – across the board.

Let me bring you in on an interesting story about two deals that almost didn’t happen. They are the Brownsford Cove and Court Street deals.

Brownsford Cove Deal

Brownsford Cove is a fantastic house in Memphis with a high-profit margin in an area known as Bartlett. It was a sweetheart deal, and we had a lot of interest right from the get-go. It was very easy for us to sell.

The guy we sold to, the one who was the quickest to pull the trigger, was a guy that we are now referring to – not so affectionately – as Mr. X. It turns out that Mr.…


Is there a topic you'd like to learn more about? Request a Lesson

Finished?

+ Mark as Learned

Valuable Lesson? Share it:

Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form