wholesaling fsbo and earnest money from end buyer

[independentboss]

Does the earnest money deposit from end buyer be made out to the title company or to me/ entity?

[RobL]

For wholesaling, I like them to write it out to me--ideally a cashier's check or money order--as their binder.

However, they can also make it out to the title company.  The contracts can be held at the title company and their money will just be put towards the purchase price to ensure that you get paid.

I've done it both ways many times--whatever makes the buyer most happy to get the deal done as smooth as possible.

[hassansr]

I always have it made to third party like closing attorney unless its non refundable. if so then to me

[Vapor]

title company

[gordo2417]

Directly to me, myself and I.  If they are motivated they shouldn't care where it goes so long as you promise to give them the money you agreed to give them.

Nate-WI