In today's market, I've heard one too many horror stories about multifamily operators loosing their Earnest Money Deposits (EMD) for numerous reasons... and these aren't small checks either (think multiple hundreds of thousands!). It's even worse when you lose the money of your passive investors/limited partners in the deal!
So when exactly does your EMD turn from refundable to nonrefundable?
When's the last point you can get your EMD back?
What should you NEVER do (unless you find a serious red flag)!
Listen in for answers to these and tips on how to protect yourself!
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