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Earnest Money Paid To You When Selling a Property

Posted on June 24, 2017April 12, 2022 By Mike Butler

How to Properly Enter
a $2,000 Earnest Money Check Paid to You

QUESTION from Chuck: 

Hey Mike,

I am doing a wholesale deal. I will be doing a double close on it.
I received a $2,000 non-refundable deposit (EM but paid directly to me).

How do I enter a transaction like this. I tried to look it up on the videos but the link is broken. Thanks for the help

I tried to look it up on the videos but could not find this one.

Thanks for the help
Chuck C

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Closing Statements, Earnest Money, Escrow Accounts, HOW TO VIDEOS, INVESTOR BOOKS, Selling Tags:Earnest Money, Good Faith Deposit

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