Posted by lo on January 08, 2003 at 15:45:36:
I do an “option to purchase” with no money down.
I ask for 2-4 weeks. I ask for “first right of
refusal at a predetermined price”. If they get
another offer, I have 48 hours to produce a Purchase
Ageement with security deposit…no contingencies.
Use your money to Advertise for investors looking
for what you have to sell.
Ron
don’t have enough cash for earnest money - Posted by im
Posted by im on January 08, 2003 at 13:17:47:
I am single parent w/out good credit. I am interested in flipping and I have what sounds like a good deal - will be my first deal however, I don’t have a lot of cash for earnest money - I may can swing $100 to $300 but that is the max.
Any suggestions on how to make a good deal work when you don’t have a lot of earnest money?