Winning a Highest and Best Offer Deal on Investment Property

[Christopher Oyenuga]

How's it going everyone?

I'm looking to close on my first investment property, but the seller has come back with a highest and best offer request. As you may know, there is a 48 hour requirement to respond. 

Besides the escalation clause, does anyone have advice on how I should approach this deal, while ensuring that I'm not paying too much?

Thanks in advance!

-Chris 

[Thomas S.]

As a investor you determine a number that works and stick to it. You are not interested in winning a bidding war if it is one cent above that pre determined number.