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Hey guys! It’s Steph Davis, and I’m here today to share with you some of my thoughts on earnest money and how you can protect yours.
This lesson is an extension of my wholesaler essential series at Mogul, and today I’m all about eliminating for you one of the biggest stumbling blocks so many of us encounter in the wholesaling world.
I’m talking about earnest money.
Since I started in the wholesale business, I like to think I’ve helped some people through their first deals, and in doing so, I’ve learned what to do and what not to do with my earnest dollars. And hey, if I can save you time, money and a few premature crow’s feet, then kudos to me, high fives to you, and drinks all around!
Here we go…
How Do I Protect Myself From Losing Earnest Money?
If you’re about to submit your first offer on REO properties (congrats!), and you’re afraid of losing money. News flash: You’re…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.