What am I doing wrong?

What am I doing wrong?

Nashville, TN · Member since 2017 · 92 posts · 14 votes
Need some advice from the BP veterans. I just made my 8th offer on multiunits and have lost every one this year! I can’t go all cash but doing 20% down (Price Range: 250k-400k). I’ve offered 10-15k above asking on my last 2 offers. Is there something I can be doing to sweeten the pot and make my offers more attractive? I always do contingent on inspection and not really willing to budge on that one. Any advice would help
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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    make your EM as big as you can.. that can help

  • Rental Property Investor · New York City, NY · Member since 2017 · 493 posts · 386 votes
    8y

    As Jay mentioned increasing Due Diligence or EM makes you stand out. Just remember you might lose it if deals falls thru.

    Another tactic I've seen in hot markets is make an "As is offer"

    All options are a bit of a gamble for a buyer but all are common in a hot market..

  • Nashville, TN · Member since 2017 · 92 posts · 14 votes
    8y
    Thanks, Jay! Other offer fell through. Added 15k EM. Fingers crossed
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