What % of the purchase price should the earnest money deposit be for a multifamily transaction?

In Buying Property - Asked by Dwight B. - Jan 29, 2010
Report Abuse
Answer this Question


madison p.
Grayson, GA

It depends on how many units, a 5 unit can go for 200k I would give 1000 EM, a 5 million dollar property I would put 50k in EM

Jan 30, 2010
Report Abuse
Doug F.
Portland, OR

I usually require a minimum of 1% of the purchase price.

Jan 31, 2010
Report Abuse
Todd W.
marietta, GA

My rule of Thumb is 2%

Jan 31, 2010
Report Abuse
Brandi L.
Oak Brook, IL

Dwight, You have alot of questions. Have you considered expert representation? An experienced multi-family broker in your area can help guide you through the process and is often conpensated by the Seller.

Feb 1, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question