Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
first time investor, putting in an offer/ bid
Hi all, I am a first time investor and I have been looking at a few multi families in my area. things are pretty competitive in my area and it doesn't look like the competition is slowing down any time soon and there are constant bidding wars. what is your opinion on bidding above asking price? it seems to be the only way to get a property that I want. I have already been approved for FHA and FHA 203k. would you recommend bidding above asking price given I am in the NJ/ NY area? and if so is there a certain percentage of the asking price I shouldn't go over?