The Ultimate Guide to Earnest Money

Everything you wanted to know about Earnest Money and a whole bunch of stuff you didn't think you needed to know until I told you why you needed to know about it.

In this class you'll learn:

  • Are Earnest Money Checks Cashed?
  • Are Earnest Money Deposits Required?
  • Is Earnest Money Part of the Down Payment?
  • Are Earnest Money Deposits Refundable?
  • Is Earnest Money Returned?
  • Can Earnest Money Be a Gift?
  • Can Earnest Money Be a Personal Check?
  • Can Earnest Money Be Cash?
  • Can Earnest Money Be Used for Closing Costs?
  • Can Earnest Money Be Paid by Debit Card?
  • Can Earnest Money Be Paid by Credit Card?
  • What's Earnest Money?
  • What's Earnest Money When Buying a House?
  • How Much Earnest Money to Put Down?
  • How Much Earnest Money Is Normal?
  • How Much Earnest Money to Offer?
  • When Is Earnest Money Forfeited?
  • Who Gets Earnest Money When Buyer Backs Out?
  • How Do Earnest Money Disputes Work?
  • What About Earnest Money With Nothing Down Deals?
  • What About Earnest Money With Off-Market Deals?
  • Plus, much more...

Duration: 1 hour and 22 minutes
Recorded: October 21, 2020
Instructor: James Orr

Challenging Tenant Scenarios

The following are our checklists for a variety of challenging tenant scenarios that might come up as a real estate investor.

Closing Disclosure Checklist

Recently, I had a client discover almost a year after closing (while doing his taxes) that there was a small error on his Closing Disclosure form. This isn't a form that we typically see since it is a disclosure right from the Lender to the Buyer regarding their loan. So, having never seen their Closing Disclosure, it is not an error I would normally be able to catch for clients.

This client, who is a super smart engineer, made his own small checklist of things to check on the Closing Disclosure. He shared it with me and, with his permission, I am able to share it with you as well.

So, here is a special, simple checklist of things to check on your Closing Disclosure when buying properties as a Nomad.

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