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240: Rookie Reply: How to Get a Better Price on That Off-Market Property w/Ethan Wilson and Jamil Damji

Real Estate Rookie

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The Best Return on EMD That I've Ever Gotten

I think the best return on EMD that I've ever gotten, I don't even know if that's a phrase, is $2,500 refundable. So we built what is at almost $400,000 in equity on a $2, 500 refundable EMD. And my cabin under contract at 780, the exact same cabin sold for 1.2. We're actually just now closing on that cabin in about 30 days. It was supposed to be done in the spring of 2021. It's like six months after we put that EMD down. Well, you know, supply chain issues, labor shortage,. I don't know what, but it got pushed from spring of

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