10+ Offers and No Deal

[Lauren Sanders]

Hello BP Investors! I have been in this crazy market since last summer seeking my first multifamily to house hack in the St. Louis, MO area. I’ve put in more offers than I can count and have only gotten one contract (an absolute no after inspections).  Any property that is in decent livable condition or in a fairly safe neighborhood is getting Snatched up for 10s of thousands over asking. Any tips for getting offers excepted?

 I’ve tried offering more than 1% earnest money, appraisal gab guarantees, escalations, waiving negations after inspections, shortened inspection periods, etc. Pretty much anything except completely waiving inspections which sellers tend to really like right now.


I have a conventional pre-approval for up to $300,000 with $0 down and no closing costs. I also have an FHA pre-approval for up to $400,000 with DPA. I'll have about $20,000 cash by the end of this month which is my life's savings (lol).

thanks in advance for your tips!