Making lots of offers

[ROBERT DEHAVEN]

Hi all -

Newbie here. Pursuing a fix and flip strategy...looking for the first deal. We have made a few offers in the last few weeks but keep whiffing.

I gather that this is pretty typical for a lot of folks in a lot of geographies.

I continue to hear and read things like, "You gotta make a lot of offers" or "We made 20 offers a month for a while before we snagged one."

Here's my question, and maybe I am missing something really obvious: What happens if you have several offers in (different properties) and several of them are accepted...but you aren't prepared to move ahead with more than one?

Great "problem" to have right!?

Do you simply use an inspection contingency or something to back out of the ones that are least desirable? Assign the contract? Other options?

Thanks all,
Bob in Minneapolis