Making offers on high-demand properties

[Edouard Pierre]

I think it's safe to say most investors get frustrated with loosing out on properties when "highest and best" situations occur. I know that in residential real estate transactions/offers, the buyers are able to put in offers similar to this:

"My client is offering $290,000 with 20% down, however he is also including an escalation clause and will pay $1,000 over the highest offer up to $300,000"

Do any of you use this same tactic? I would assume it's a legitimate way to offer on properties, but is it possible to do so with REO properties?

Thank you!

[Jackie Lange]

You'll do MUCH better making offers directly to owners of properties vs. competing with others who are chasing the same REO properties on MLS. You will get better prices and much better terms.