ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles · Paul Peebles
May 5, 201912m 5s
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Show Notes
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.