Advice?? Placing multiple offers, but no takers
Hello, I am just starting out and trying to get my first investment property. I am using a conventional loan for financing and putting down 25%. Surprisingly, (to me), I have put in multiple offers on different properties (at asking.. sometimes a little above) but the sellers choose to go with other offers. Additionally, when a REALLY good deal comes up, then I am competing with other investors that can come to the table with all cash. This is pretty discouraging for someone trying to get started. Any words of advice or encouragement? Thank you in advance!
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Be patient, do not let the state of your market change the way you run your numbers or make offers. I make 50 offers a week, I don't think twice about them. If they don't get accepted I try to negotiate a win/win, if I can't move on.