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Updated almost 7 years ago on . Most recent reply

User Stats

3
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2
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Phil Restivo
  • Investor
  • Wallingford, CT
2
Votes |
3
Posts

Made 10 different offers over asking, Can’t close on a deal?

Phil Restivo
  • Investor
  • Wallingford, CT
Posted

Hi everyone. I'm 28 years old, a licensed plumber and have my own plumbing company out of Wallingford CT. I'm looking to close my first deal on a flip, but have not had any luck yet. I don't have any problem finding deals, I have made offers on 10 different properties 2k-15k over asking price and still have yet to land one. I have about 30k cash to put down and looking to do a FHA or conventional loan depending on the property. All of these properties are in the New Haven County area and are bank owned. After I submit an offer through the listing agent, most of the time I hear nothing back, or I see the house goes on deposit a week later. My questions are: How can I submit a second offer, if it's unknown that they declined my original offer? I ask my agent to find out the status of my offer everyday and they say the bank doesn't respond. Is my agent feeding me B.S.? Is the only way to score a deal in CT to make cash offers? Please any advice would be greatly appreciated!

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