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Investing Strategies

Why a Deposit from Your Buyer Is Mandatory

Want to know when I’d walk away from a wholesale deal?

Well, of course, there are a few reasons why you’d walk away from a deal… can’t agree on price, you find weasel clauses in the buyer’s paperwork, too many repairs are needed making the deal simply not worth it, lack of motivation and on and on…

But today, I’m talking about one thing in particular: Not getting a deposit from your buyer.

Bad move, friends.

Hey Moguls, Andrew “The Maestro” Massaro here and let me tell you that one of the BIGGEST mistakes I see wholesalers make these days is demanding your buyer write the deposit check out to you, personally.

Let me be super crystal clear:

The deposit from your buyer is mandatory.

No check… no deal. 

Plain as day. Super simple.

Why must we have a deposit?

It shows us that your buyer is serious. And, it insures that we make some money, if this guy flakes out and walks…


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