Keeping Your Risk Low in Wholesale Deals

Hey guys, I got something special for you today! It’s an audio clip pulled right from one of our Insiders’ Coaching Calls. I’m not sure if you know, but we do coaching calls every month where our Strategic Investor Insiders can ask us any kind of question their heart desires about REI.

And each month, JP Moses and I hop on a call and answer those questions personally. It’s a really great benefit for our Insiders.

So, below is a slice from one of our calls in which we answered 2 members’ questions. One asked us about how to keep our risk low when assigning contracts… and then immediately following that question, another member asked us about how we keep our risk low when it comes to earnest money deposits. So we decided to handle both questions in the same call because they worked so well together and related to each other.

We offered up some good, solid, foundational information that I thought would be good to share with y’all in this blog post. So, rather than write a post, I’m gonna let y’all eavesdrop in on a portion of this great coaching call.

Here’s what’s inside

• How to best use an Escape Clause and the variations of them
• How to walk away if the deal doesn’t come through
• Why and how to treat earnest money as a non-issue
• How much earnest money should be put down

Without further ado, give it a listen and enjoy…

[audio:http://mustknowinvesting.s3.amazonaws.com/Keeping%20Your%20Risk%20Low%20in%20Wholesale%20Deals.mp3]

So, what do you guys think? JP and I laid out our thoughts for how we keep our risk low and what we recommend. How do you keep your risk low when it comes to assigning contracts and earnest money deposits?

Lemme hear ya

Got a question for me? Lemme hear from you in the comments section below.

P.S. If you’re interesting in becoming an Insider with us, I’ve got a special for you today in which you’ll get 4 real estate investing products for freejust for checking us out.

Tags: Contract, Earnest Money, Risk

Category: Wholesaling