All Forum Posts by: Jonathan Kasel

My first offer was accepted with a bit of back and forth on price. Only one offer I've had that wasn't accepted and that was fine, I know it was fair and I walked. If you are going to make low ball offers, then be prepared to make a lot. A few of the rentals I bought when the market was hot and by getting in quickly and/or having a realtor with connections to be the first one to see it will help. And all were bought below list price.

Theresa, that's awesome! It's helpful hearing others experience. Hopefully this time next year I'll be able to share a few anecdotes of my own.

-Jon

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Originally posted by @Heidi Kenefick:

@Jonathan Kasel

Have to spoke to a realtor in your area? They could probably give you the best idea of how many offers you may have to make.

I just made 3 offers and got the third one for asking price before it even hit the MLS because my realtor is a rock star. I was mentally prepared to make 10+ offers because every seller gets multiple offers.

Heidi, thanks! I haven't found an agent yet. Emails are going out today to start setting up interviews. Looking to find my own rockstar!

I think if I assume it'll take at least 10 offers that should keep me from getting antsy. If it happens in less great, it not then I'm still working the plan!

Jon

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Originally posted by @Brock Dowis:

A common theme is somewhere between 1 in 7 to 1 in 10. It took me over 15. Just depends on what you are looking for and where. The details are not as important as the education that comes with the first. Good luck!

Thanks Brock! That's kind of what I was guessing is normal. I'm looking in a pretty small area right now so finding enough properties where the numbers make sense may be tough. I keep trying to tell myself that I just need to get through the first deal!

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Joe, just trying to manage my expectations. With buying my primary residence houses it's been pretty straightforward. Find a house I want that's in my price range and with little or no back and forth it was purchased. I was basically buying at market value. I figured it would probably take a few tries, but wanted to see what others experienced to gauge what I might expect as I move along.

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Hey BP! I'm new to real estate investing and curious what I should be expecting when it comes to making offers. I'm looking to buy and hold SFRs as cash flow rentals. My goal is to purchase multiple properties this year using BRRRR. It would be really helpful to have some realistic expectations on the number of offers it might take before a deal actually happens. Thanks and good luck investing!

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All Forum Posts by: Jonathan Kasel

Jonathan Kasel has started 1 posts and replied 5 times.

Post: How many offers did you make before you closed your first deal?

Post: How many offers did you make before you closed your first deal?

Post: How many offers did you make before you closed your first deal?

Post: How many offers did you make before you closed your first deal?

Post: How many offers did you make before you closed your first deal?